Western Digital crushes expectations in Q4, shipping record enterprise HDD capacity
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Western Digital Corp. put in a strong shift at the end of its fiscal 2021 year, with growth across all of its businesses driving fourth quarter results that beat expectations.
The company reported earnings before certain costs such as stock compensation of $2.16 per share on revenue of $4.9 billion, up 15% from the same period one year ago.
Wall Street had expected the company to report earnings of just $1.49 per share on revenue of $4.53 billion, so it was a strong beat.
Western Digital, which makes hard drives and data storage products used in personal computers and servers, also reported full year earnings of $4.55 per share on total revenue of $16.9 billion, a 1% gain from the year ago period.
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