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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.4%3:59 PM EST
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From: Sam4/10/2019 7:47:22 AM
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Western Digital estimates cut on weak NAND - Benchmark
Apr. 10, 2019 7:10 AM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor


Benchmark cuts its Western Digital (NASDAQ: WDC) estimates for Q4 from $0.55 EPS and $3.65B to $0.33 EPS and $3.6B.

The FY20 view drops from $6.73 EPS with sales of $16.6B to $4.87 EPS with $15.3B in sales.

The firm cites less confidence in a NAND chip recovery in 2019, pointing to weak results from Micron and Samsung. Benchmark says any recovery that does happen will be weaker than expected.

seekingalpha.com
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