Western Digital Shares Rally After Q1 Results: EPS Beat, Revenues Miss

Western Digital Corp. (NASDAQ:WDC) reported its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.  

The Details: Western Digital reported quarterly earnings of $1.78 per share, which beat the analyst consensus estimate of $1.73. Quarterly revenue came in at $4.09 billion, which missed the analyst consensus estimate of $4.12 billion and represents an increase over sales of $2.75 billion from the same period last year.

Cloud revenue increased 17% sequentially and represented 54% of total revenue. The increases were driven by higher nearline shipments in HDD and enterprise SSD bit shipments to data center customers.

Client represented 29% of total revenue. Compared to last quarter, Flash bit shipment growth in ...