Western Digital Corporation (WDC)

[MorningLightMountain]

Preliminary Fourth Fiscal Quarter Financial Results; Sets Q4 Earnings Call for July 28th

The company also reported preliminary financial results for its fourth fiscal quarter ended July 1, 2016. Reflecting the ownership of SanDisk Corp. as of May 12, 2016, the company now expects its fourth quarter revenue to be approximately $3.46 billion, compared to its earlier forecast of $3.35 billion to $3.45 billion. Non-GAAP gross margin is expected to be approximately 31 percent, consistent with its earlier forecast. The company now expects fourth quarter EPS, on a non-GAAP basis, to be approximately $0.72, compared with its earlier forecast range of $0.65 to $0.70.[1] The company will report its final results for the fourth fiscal quarter after the market closes on July 28, 2016.