Amazon now expects between $140 and $148 billion in revenue for the fourth quarter. Wall Street has been expecting $155 billion. Read More...
Benzinga
Western Digital Q1 Bottomline Misses Estimate, Q2 Outlook Lags Consensus
Western Digital Corp (NASDAQ: WDC) reported a first-quarter FY23 revenue decline of 26% year-on-year to $3.74 billion, beating the consensus of $3.65 billion. Non-GAAP EPS of $0.20 missed the consensus of $0.39. Cloud revenue decreased 18% Y/Y to $1.83 billion, Client revenue declined 34% Y/Y to $1.23 billion, and Consumer revenue declined 30% Y/Y to $678 million. The non-GAAP gross margin contracted 720 bps to 26.7%. It generated $6 million in operating cash flow and held $2.05 billion in cash
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