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Western Digital: Preliminary Financial Information for 1FQ16

Missing profit forecasts but better revenue than expected

Western Digital Corp. reported preliminary financial information for its first fiscal quarter ended Oct. 2, 2015: revenue of $3.4 billion, gross margin of 28.4% and net income of $283 million, or $1.21 per share. On a non-GAAP basis, gross margin was 28.9% and net income was $366 million, or $1.56 per share.

The company will release its final results for the first fiscal quarter after the close of market on Oct. 28, 2015.

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