$WDC Western Digital Corporation WDC reported fourth-quarter fiscal 2020 non-GAAP earnings of $1.23 per share, which surpassed the Zacks Consensus Estimate by 2.5%. Further, the bottom line improved 624% year over year and 45% sequentially.
Revenues of $4.287 billion increased 18% year over year and 2.7% sequentially. Performance was driven by robust demand from cloud customers during the reported quarter and robust uptake of client Solid State Drive (SSDs) for notebooks. Also, an uptrend in NAND flash pricing contributed to growth.
However, the top line lagged the Zacks Consensus Estimate by 1.35%.
Что тут сильно плохого?