Western Digital (WDC) delivered earnings and revenue surprises of -425% and 3.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Western Digital Corp. is receiving a $900 million investment led by Apollo Global Management Inc., getting financial firepower at a tough time for the memory industry that could see further consolidation. The chipmaker’s stock fell 6% in late trading on a disappointing revenue forecast. Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesMicrosoft Studio Behind Halo Faces a R
SAN JOSE, Calif., January 31, 2023--Western Digital Corp. (Nasdaq: WDC) today reported fiscal second quarter 2023 financial results.