Why Western Digital Stock Fell 10.9% in August
Shares of Western Digital (NASDAQ: WDC) slipped 10.8% in August, according to data from S&P Global Market Intelligence. Western Digital published second-quarter earnings on Aug. 6, and shares fell despite better-than-anticipated earnings in the period. Western Digital is guiding for first-quarter revenue to come in between $3.7 billion and $3.9 billion, and adjusted earnings per share of $0.45 to $0.65.