Western Digital's third quarter net profit of 61 million US dollars | plummeted 75%

Fenghuang Wang Technology Co., Ltd. Beijing time April 27th, Western Digital today released its financial report for the third quarter of fiscal year 2018 as of March 30, 2018. The financial report showed that Western Digital’s net profit was US$61 million, compared to the same period last year. 2.48 billion U.S. dollars plunged 75%; revenue was 5 billion U.S. dollars, an increase of 8.7% from the 4.6 billion U.S. dollars of the same period last year.

Stock performance:

Western Digital Stock Price

In today's regular trading, Western Digital's share price rose 1.99 US dollars, to close at 87.91 US dollars, or 2.32%; after-hours trading, as of 18:08 US Eastern Time (6:00 am Beijing time), Western Digital's stock price fell 1.91 US dollars. , A fall of 2.17%. Over the past 52 weeks, Western Digital's stock price was highest at $106.96, with a minimum of $76.59.

Western Digital’s revenue was US$5 billion, operating profit was US$914 million, net profit was US$61 million, and earnings per share was US$0.2. Not calculated according to U.S. General Accounting Principles, Western Digital’s operating profit was US$1.3 billion, net profit was $1.1 billion, earnings per share of $3.63.

In the same period last year, Western Digital’s revenue was US$4.6 billion, operating profit was US$525 million, net profit was US$248 million, and earnings per share was US$0.83; not calculated according to U.S. General Accounting Standards, Western Digital’s operating profit was US$1.0 billion in the same period last year , Net profit was $716 million, and earnings per share was $2.39.

In the third quarter of fiscal year 2018, operating operations brought $1 billion in cash to Western Digital. As of the end of the third quarter, Western Digital held $1.5 billion in cash, cash equivalents and realisable securities. Western Digital 2018 1 On the 27th of the month, it announced the issuance of a cash dividend of US$0.50 per share to shareholders, dated April 16, 2018.

Steve Milligan, Western Digital's CEO, said, 'Our platform's strengths and flexibility, as well as our global team's continued focus on operational execution, has driven Western Digital's financial performance to achieve another strong growth. Our large-capacity company The hard drive business was particularly strong with record revenues. The combination of mechanical hard drives and NAND flash memory products, as well as a favorable macroeconomic environment, enabled the Western Digital Platform to provide higher value to our customers and other stakeholders.