Published on 3 Dec 2021 on Zacks via Yahoo Finance
Western Digital (WDC) closed the most recent trading day at $57.52, moving +1% from the previous trading session. This change outpaced the S&P 500's 0.85% loss on the day. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.05%.
Coming into today, shares of the maker of hard drives for businesses and personal computers had gained 3.47% in the past month. In that same time, the Computer and Technology sector lost 0.5%, while the S&P 500 lost 0.97%.
Investors will be hoping for strength from Western Digital as it approaches its next earnings release. On that day, Western Digital is projected to report earnings of $2.13 per share, which would represent year-over-year growth of 208.7%. Our most recent consensus estimate is calling for quarterly revenue of $4.8 billion, up 21.79% from the year-ago period.