Western Digital (NASDAQ:WDC) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.34 on revenue of $4.04B. Analysts polled by anticipated EPS of $0.3 on revenue of $3.92B. That compared to EPS of $3.04 on revenue of $5.03B in the same period a year earlier. The company had reported EPS of $0.17 on revenue of $3.63B in the previous quarter.
Western Digital shares lost 8.14% to trade at $57.10 in after-hours trade following the report.
Western Digital follows other major Technology sector earnings this month
On October 23, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.
Alphabet C earnings missed analysts' expectations on Monday, with third quarter EPS of $10.12 on revenue of $40.5B. analysts expected EPS of $12.28 on revenue of $40.3B
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