Western Digital's Q2 Loss and Revenue Decline Impact Stock
TL;DR Summary
Western Digital Corp reported a wider-than-expected quarterly adjusted loss due to the impact of structural changes in its flash and HDD businesses, including underutilization-related charges. The company plans to spin off its flash memory business by the second half of 2024 and expects a current-quarter adjusted profit ranging from a loss of $0.10 to a profit of $0.20 per share.
Topics:business#businesstechnology#data-storage#flash-memory-business#quarterly-loss#structural-changes#western-digital-corp
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