Western Digital Corporation

Shares in disk drive and data storage manufacturer Western Digital (WDC) were down ab♕out 3% in pre-market trading Friday, even as the company posted results🦄 late Thursday that beat forecasts.

The company disclosed revenue for its fiscal 2024 second quarter of $3.03 billion, ahead of the consensus forecasts of $3 billion, but down 2% year-over-year. Net loss was 69 cents a share, considerably narrower than the $1.12 per share figure analysts had expected.

Since bottoming out around $32 a share in May, WDC shares have remained in a consistent uptrend, with gains accelerating on increasing volume in the weeks up to the latest earnings report. Key areas on the chart to monitor include a 澳洲幸运5开奖号码历史查询:horizontal line near $50 that also finds support from the 澳洲幸运5开奖号码历史查询:50-day moving average, and the $63 region, whicꦺh aligns♒ with a prominent May/June 2022 swing high.

Looking ahead, the hardware maker said it expects to report fiscal third-quarter revenue of between $3.2 billion and $3.4 billion, topping FactSet analysts’ forecast of $3.15 billion.

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