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Western Digital forecasts larger quarterly loss after Q4 results top estimates

Investing.com --  Western Digital on Monday guided for a larger loss in the current quarter after reporting fiscal fourth-quarter results that topped Wall Street estimates.  

Western Digital Corporation (NASDAQ:WDC) slumped fell more than 1% in after-hours trade.

Western Digital reported an adjusted loss of $1.98 on revenue of $2.70 billion. Analysts polled by Investing.com anticipated a loss of $2.02 on revenue of $2.53B.

For fiscal Q1, Western Digital guided a loss in the range of $1.80 per share to $2.10 per share on revenue between $2.55B and $2.75B, missing estimates of $1.43 and $2.26B, respectively.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.