Micron Starts Monetizing Cutting-Edge Chip Production In Japan
Memory chip maker Micron Technology Inc (NASDAQ:MU) kicked off mass production of its new high-capacity low-power 1-beta dynamic random access…
10 Information Technology Stocks Whale Activity In Today’s Session
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Recap: Western Digital Q1 Earnings
Western Digital (NASDAQ:WDC) reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Western Digital Sees Q2 EPS $(0.25)-$0.05 Vs. $0.34 Est., Sales $2.9B-$3.1B Vs. $3.69B Est.
Expect fiscal second quarter 2023 revenue to be in the range of $2.90 billion to $3.10 billion with Non-GAAP EPS in the range of $(0.25) to $0.05.
Western Digital Reports Q1 Adj. EPS $0.20 Misses $0.39 Estimate, Sales $3.74B Beats $3.65B Estimate
First quarter revenue was $3.74 billion, above the midpoint of guidance.
First quarter GAAP earnings per share (EPS) was $0.08 and Non-GAAP EPS was $0.20, non-GAAP EPS was impacted by higher tax rate.
First quarter GAAP operating income was $158 million and Non-GAAP operating income was $307 million.
Earnings Scheduled For October 27, 2022
Companies Reporting Before The Bell
• Janus Henderson Gr (NYSE:JHG) is expected to report quarterly earnings at $0.48 per share on revenue of $494.27 million.
Looking At Western Digital’s Recent Whale Trades
A whale with a lot of money to spend has taken a noticeably bullish stance on Western Digital.
Looking at options history for Western Digital (NASDAQ:WDC) we detected 14 strange trades.
Walgreens To Surge Around 19%? Plus Wedbush Predicts $60 For Western Digital
Deutsche Bank raised the price target on Walgreens Boots Alliance, Inc. (NASDAQ: WBA) from $38 to $41. Walgreens shares fell 0.5% to $34.51 in pre-market trading.
What New China Semiconductor Restrictions Mean For US Investors
U.S.-listed Chinese stocks tumbled on Monday after the U.S. Department of Commerce announced a new set of rules restricting the sale of advanced computing semiconductors or related manufacturing equipment to China.
Benchmark Sees Weaker Trends Continuing For Data Storage Stocks, Especially In Asia
Benchmark analyst Mark Miller reiterated a Hold on Seagate Technology Holdings PLC (NASDAQ:STX). The firm does not provide price targets for Hold-rated…