BEAMSTART Logo

HomeNews

Western Digital Initiates Dividend After Q1 Margin Growth, Issues Strong Outlook

Benzinga LogoBenzinga14h ago

Western Digital Initiates Dividend After Q1 Margin Growth, Issues Strong Outlook - Benzinga

Quick Summary:

Its quarterly sales of $2.29 billion fell 33.6% year-on-year and missed the $2.36 billion consensus estimate. The stock gained after the results.Cloud revenue of $2.01 billion represented 87% of total revenue, driven by double-digit growth in revenue and bit shipments, reflecting the strength of product portfolio. 

Also Read: Western Digital Refocuses After Post-SanDisk Spin-Off As Analyst ...

Western Digital Corp (NASDAQ:WDC) reported third-quarter financial results Wednesday.

More Pictures

Western Digital Initiates Dividend After Q1 Margin Growth, Issues Strong Outlook - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 13:39:34 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28299563

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 31 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Western Digital Initiates Dividend After Q1 Margin Growth, Issues Strong Outlook" has 385 words across 21 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Western Digital Initiates Dividend After Q1 Margin Growth, Issues Strong Outlook" was covered 14 hours ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 31 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28299563
  • URL: https://vaccinium.beamstart.com/news/western-digital-initiates-dividend-after-174602088

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.