NasdaqGS:WDCTech
Western Digital (WDC): Profit Return Clouded by $668 Million One-Off Loss, Challenging Bullish Narratives
Western Digital (WDC) posted annual earnings growth forecasts of 9.9% and revenue growth of 8.4%. Both figures are set to lag behind the broader US market averages of 15.9% for earnings and 10.4% for revenue. The company recently turned profitable after a challenging stretch, although the latest figures included a one-time $668 million loss that is weighing on reported results. Margins have improved as Western Digital returned to profitability, but investors are weighing this turnaround...