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Western Digital Stock Heads for Worst Day Since 2022
WDCWestern Digital(WDC) Schaeffers Investment Research·2024-08-01 14:43

Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at 60.70atlastglance,afterthecomputerhardwarenamesfiscalfourthquarterrevenuemissanddisappointingguidance.Thecompanyreportedbetterthanexpectedearningsof60.70 at last glance, after the computer hardware name's fiscal fourth-quarter revenue miss and disappointing guidance. The company reported better-than-expected earnings of 1.44 per share, however, much better than the losses of $1.99 per share from the same quarter a year ago. Should these losses hold, WDC will mark its worst single-session percentage drop since December 2022. The negative price action has the stock hitting its lowes ...