Western DigitalNASDAQ: WDC

Western Digital Corp (WDC) saw a rise in its shares during early trading on Friday, following the release of positive earnings for the first quarter of the fiscal year.

WDC's financial results for the first quarter of 2025 show strong growth in the cloud sector, even though the consumer market is slowing down.

Western Digital Corporation (NASDAQ:WDC) will hold its Q1 2025 Earnings Conference Call on October 24, 2024, at 4:30 PM ET. The call will feature company representatives, including Peter Andrew, David Goeckeler, and Wissam Jabre, along with various analysts from different financial institutions. The operator will begin the call by welcoming participants.

Western Digital (WDC) reported quarterly earnings of $1.78 per share, which is higher than the Zacks Consensus Estimate of $1.74 per share. This is an improvement compared to a loss of $1.76 per share from the same time last year.

Western Digital Corp exceeded Wall Street's expectations for its quarterly profit due to strong demand for its data-storage products from cloud service providers. As a result, its shares rose by 9% in after-hours trading on Thursday.

WDC's financial results for the first quarter are expected to show good performance, mainly due to strong sales in the cloud sector, particularly with increased nearline shipments.

In addition to looking at analysts' predictions for Western Digital's (WDC) revenue and profits, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

A jury in a California federal court announced on Friday that Western Digital, a data storage company, has to pay $315.7 million in damages for infringing on a patent related to data security technology.

Western Digital (WDC) closed at $67.79 on the most recent trading day, showing an increase of 1.25% from its previous closing price.