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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

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Oct 31 9:30 AM EST

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From: Sam	1/27/2022 9:49:08 PM
	2 Recommendations Recommended By JCnieuwenj Unwelcomeguest of 4823

Western Digital Non-GAAP EPS of $2.30 beats by $0.18, revenue of $4.83B beats by $10M Jan. 27, 2022 4:04 PM ET Western Digital Corporation (WDC) By: Pranav Ghumatkar, SA News Editor 11 Comments Western Digital press release (NASDAQ: WDC): FQ2 Non-GAAP EPS of $2.30 beats by $0.18. Revenue of $4.83B (+22.6% Y/Y) beats by $10M. Shares -12.91%.Cloud revenue increased by 89%, Client revenue declined by 1%, and Consumer revenue remained flat YoY. Generated operating cash flow of $666 million and free cash flow of $407 million. Completed debt refinancing transaction and reduced gross debt balance to $7.40 billion. Q3 2022 Guidance: Revenue to be in the range of $4.45 billion to $4.65 billion vs. consensus of $4.73B with non-GAAP EPS in the range of $1.50 to $1.80 vs. consensus of $1.93. seekingalpha.com Read: Western Digital Corporation (WDC) CEO David Goeckeler on Q2 2022 Results - Earnings Call Transcript Getting beat down AH--down to $49.30-49.39 from a closing price of $53.84. STX closed the day up over $7 at $103.68.

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