Business Standard

Tuesday, January 07, 2025 | 06:24 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Western Digital revenue slumps 20.7 percent

Image

Reuters

(Reuters) - Data storage device maker Western Digital Corp reported a bigger-than-expected 20.7 percent fall in quarterly revenue on Thursday, adding to concerns over a China-led slowdown in smartphone demand.

The company's loss narrowed to $487 million, or $1.68 per share, in the second quarter ended Dec. 28, from $823 million, or $2.78 per share, a year earlier. Revenue fell to $4.23 billion from $5.34 billion.

Analysts on average had expected revenue of $4.26 billion, according to IBES data from Refinitiv.

(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Sriraj Kalluvila)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 25 2019 | 2:56 AM IST

Explore News