Investing.com - Western Digital reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $2.3 on revenue of $4.83B. Analysts polled by Investing.com anticipated EPS of $2.12 on revenue of $4.81B.
Western Digital shares are down 17% from the beginning of the year and are trading at $45.71 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.25% year to date.
Western Digital shares lost 15.10% in after-hours trade the report.
Western Digital follows other major Information Technology sector earnings this month
Western Digital's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on Thursday, January 13, 2022 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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