Western Digital and Sandisk shares fall after strong earnings
Updated
Updated · MarketWatch · Apr 30
Western Digital and Sandisk shares fall after strong earnings
7 articles · Updated · MarketWatch · Apr 30
In extended trading, Western Digital dropped 8% and Sandisk 7%, a steeper decline than earlier, even as Western Digital posted fiscal third-quarter revenue of $3.3 billion and adjusted EPS of $2.72.
Western Digital also raised its quarterly dividend 20% to 15 cents a share and forecast June-quarter revenue of about $3.65 billion and adjusted EPS of $3.25, both above analyst expectations.
The sell-off suggested a sell-the-news reaction after huge rallies in memory stocks, with Western Digital up about 900% over the past year and Sandisk up roughly 3,300% since its 2025 spinout.
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