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Western Digital Corp (WDC.OQ)

WDC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Western digital expects revenue about $4.75 bln in Q2
Tuesday, 6 Dec 2016 04:45pm EST 

Western Digital Corp : Sees Q2 NON-GAAP earnings per share $2.10 to $2.15 . Western digital updates expectations for second fiscal quarter . Sees Q2 NON-GAAP earnings per share $2.10 to $2.15 .Sees Q2 revenue about $4.75 billion.  Full Article

Western Digital Q1 non-gaap earnings per share $1.18
Wednesday, 26 Oct 2016 04:15pm EDT 

Western Digital Corp : Western digital announces financial results for first fiscal quarter 2017 . Q1 non-gaap earnings per share $1.18 . Q1 loss per share $1.28 . Q1 revenue $4.7 billion versus I/B/E/S view $4.52 billion .Q1 earnings per share view $1.05 -- Thomson Reuters I/B/E/S.  Full Article

Western Digital sees Q1 non-GAAP earnings per share $1.00 to $1.05
Wednesday, 7 Sep 2016 07:00am EDT 

Western Digital Corp : Western Digital updates first fiscal quarter expectations . Sees Q1 non-GAAP earnings per share $1.00 to $1.05 . Sees Q1 revenue $4.45 billion to $4.55 billion . Company now expects Q1 EPS, on a non-GAAP basis to be in range of $1.00 to $1.05 .Q1 non-GAAP gross margin is expected to be approximately 33%.  Full Article

Western digital announces successful repricing and prepayment Term B loans
Thursday, 18 Aug 2016 08:00am EDT 

Western Digital Corp : Western Digital announces successful repricing of $3.0 billion Term B loans and prepayment of $750 million Term B loans . Says priced $3.0 billion of new U.S. Dollar-denominated Term B loans at an interest rate of LIBOR + 3.75% . Settled previous U.S. Dollar-denominated Term B loans with proceeds of this new loan and a voluntary cash prepayment of $750 million . Says new financing is expected to generate annual interest savings of approximately $128 million beginning on Aug. 17, 2016 .Financing reflects annual cash interest savings of about $100 million resulting from both 175 basis point reduction in interest spread.  Full Article

Western Digital Q4 loss per share $1.34
Thursday, 28 Jul 2016 04:15pm EDT 

Western Digital Corp : Western Digital announces financial results for fourth quarter and fiscal year 2016 . Q4 non-GAAP earnings per share $0.79 . Q4 loss per share $1.34 . Q4 revenue $3.5 billion versus I/B/E/S view $3.45 billion .Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.  Full Article

Western Digital says Mark Long will succeed Olivier Leonetti as CFO on Sept.1
Wednesday, 6 Jul 2016 04:15pm EDT 

Western Digital Corp : Western digital announces cfo transition . Mark long will succeed olivier leonetti as cfo on sept. 1 . Q4 non-gaap gross margin is expected to be approximately 31 percent, consistent with its earlier forecast . Q4 earnings per share view $0.68, revenue view $3.41 billion -- Thomson Reuters I/B/E/S . Leonetti is leaving company to pursue other opportunities but will continue as cfo through sept. 1, 2016 . Now expects its q4 revenue to be approximately $3.46 billion, compared to its earlier forecast of $3.35 billion to $3.45 billion .Company now expects q4 eps, on a non-gaap basis, to be approximately $0.72.  Full Article

Western Digital receives notice of an unsolicited mini-tender offer to purchase up to 2.5 mln shares
Wednesday, 8 Jun 2016 08:00am EDT 

Western Digital Corp : Received notice of an unsolicited mini-tender offer to purchase up to 2.5 million shares .Recommends that stockholders do not tender their shares in response to TRC Capital's offer because offer is low.  Full Article

Western digital sees Q4 revenue between $3.35-$3.45 bln
Thursday, 26 May 2016 05:00pm EDT 

Western Digital Corp : Expects its q4 revenue in range of $3.35 billion to $3.45 billion . Expects its q4 eps on a non-gaap basis to be between $0.65 to $0.70 . New q4 guidance includes total interest costs of approximately $220 million . Q4 earnings per share view $0.90, revenue view $3.35 billion -- Thomson Reuters I/B/E/S . Western digital updates june quarter guidance to reflect contribution of recently acquired sandisk .Sees q4 non-gaap earnings per share $0.65 to $0.70.  Full Article

S&P 500 to add Alaska Air, drop SanDisk
Tuesday, 10 May 2016 04:30pm EDT 

: S&P Dow jones indices says Alaska Air Group Inc to join S&P 500 . S&P Dow jones indices says Alaska Air to replace SanDisk Corp which is being bought by Western Digital Corp . S&P Dow jones indices says changes to be made after close of trading on may 12.  Full Article

Western Digital's SanDisk acquisition gets China's Ministry Of Commerce approval
Tuesday, 10 May 2016 08:42am EDT 

SanDisk Corp : Western Digital acquisition of SanDisk receives approval from China's Ministry Of Commerce .Western Digital expects transaction to close on Thursday, May 12, 2016.  Full Article

BRIEF-Avnet expands distribution agreement with Western Digital into China to help meet growing data challenges

* Avnet inc - to offer hgst-branded products and solutions in china, products will be available through Avnet global computing components business unit