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Western Digital Shares Rise as Guidance Points to Strong Q4 Recovery

Western Digital logoWestern Digital
Sig1.55Sen+4.65Env0.00Soc0.00Gov0.00
Sandisk logoSandisk
Sig1.15Sen-2.20Env0.00Soc0.00Gov0.00

Western Digital rose 2.2% to $544.84, while Sandisk fell, and the outlook hinges on how quickly each can return to recent highs. Western Digital’s fiscal fourth-quarter guidance calls for $3.65B±$100M revenue and adjusted EPS about $3.25, with adjusted gross margin of 51%–52% and $30–$33 EPS for the quarter, implying sharp year-over-year growth.

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