Western Digital CEO David Goeckeler on the company’s Q3 results
Western Digital CEO David Goeckeler joins “Squawk Alley” to discuss the company’s earnings and revenue amid the coronavirus pandemic.
The data storage company’s stock plunged 10% in extended trading after the company released its third-quarter earnings. Western Digital reported earnings of 85 cents per share excluding some items, while analysts polled by Refinitiv anticipated earnings of 93 cents per share. The company’s revenue of $4.18 billion was in line with analysts’ estimates, according to Refinitiv. Western Digital said it expects a headwind in the fiscal fourth quarter from physical store closures caused by the coronavirus pandemic, according to a company statement.
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