BUZZ-Western Digital rises after Q4 forecasts beat estimates

Reuters
2025/04/30
BUZZ-Western Digital rises after Q4 forecasts beat estimates

** Data storage products maker Western Digital Corp WDC.O shares rise 8.3% at $44.88 before the bell

** Co forecasts Q4 rev. of $2.45 bln and adj. EPS outlook of $1.45, compared with Wall Street estimates of rev. of $2.38 bln and $1.16 profit/share - data compiled by LSEG

** Co posts Q3 rev. of $2.29 bln vs analysts' expectations of $2.35 bln

** Western Digital adopts quarterly cash dividend program; declares dividend of 10 cents/shr

** 19 out of 25 analysts rate share as "buy" or higher, 6 "hold"; median PT is $57.66

** WDC down 9.9% YTD vs S&P information technology index .SPLRCT decline of 11.8%

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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