Western Digital (NASDAQ:WDC) Swings to Fiscal Q4 Loss, Revenue Drops

Western Digital (NASDAQ:WDC) reported a fiscal Q4 non-GAAP loss  of $1.98 per diluted share, compared with earnings of $1.78 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $2.02.

Revenue for the quarter ended June 30 was $2.67 billion, down from $4.53 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.52 billion.

The company said it expects a fiscal Q1 non-GAAP diluted loss between $2.10 and $1.80 and revenue between $2.55 billion and $2.75 billion.

Analysts polled by Capital IQ expect a loss of $1.40 and revenue of $2.76 billion.

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