Down 40% in 2020: Is Western Digital Stock Still Worth Buying?
Western Digital's (NASDAQ: WDC) stock recently dipped after the hard drive maker turned in a mixed fourth-quarter report. Its revenue rose 18% annually to $4.29 billion, but missed estimates by $40 million. Its adjusted earnings per share jumped more than sevenfold to $1.23, thanks to an easy comparison to last year, and beat expectations by a penny.
WD's headline numbers looked stable, but its first-quarter guidance stunned investors. It expects its revenue to decline 3%-8% annually, far below expectations of 8% growth, and for its adjusted EPS to rise 32%-91%, versus expectations for 288% growth.
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Source Fool.com
