Western Digital Corp Announces 42% Retreat In Q4 Earnings

(RTTNews) - Western Digital Corp (WDC) revealed a profit for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $208 million, or $0.79 per share. This was down from $356 million, or $1.51 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.6% to $3.40 billion. This was up from $3.19 billion last year.

Western Digital Corp earnings at a glance:

-Earnings (Q4): $208 Mln. vs. $356 Mln. last year. -Earnings Decline (Y-o-Y): -41.6% -EPS (Q4): $0.79 vs. $1.51 last year. -EPS Decline (Y-o-Y): -47.7% -Analysts Estimate: $0.71 -Revenue (Q4): $3.40 Bln vs. $3.19 Bln last year. -Revenue Change (Y-o-Y): 6.6%