Western Digital Corp
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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Company profile

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products.

Postmarket

Last Trade
Delayed
$44.90
0.02 (0.04%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$44.88
Day's Change
-0.97 (-2.12%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
46.54
Day's Low
44.74
Volume
(Heavy Day)
Volume:
4,834,076

10-day average volume:
3,896,748
4,834,076

Southwest Airlines stock rises after loss narrows more than expected, and revenue beats forecasts

6:55 am ET October 22, 2020 (MarketWatch)
Print

Shares of Southwest Airlines Co. (LUV) rose 1.0% in premarket trading Thursday, after the air carrier reported a narrower-than-expected third-quarter as revenue fell less than forecast. The company swung to a net loss of $1.16 billion, or $1.96 a share, from net income of $659 million, or $1.23 a share, in the year-ago period. Excluding non-recurring items, the adjusted loss per share was $1.99, compared with the FactSet loss consensus of $2.35. Revenue dropped 68.2% to $1.79 billion, above the FactSet consensus of $1.70 billion, as monthly declines lessened in each month of the quarter. Load factor fell to 44.9% from 83.5%, but beat the FactSet consensus of 43.4%, while passenger revenue per available seat mile (PRASM) declined 58.7% to $5.49 but topped expectations of $3.45. The company reduced its October revenue decline guidance range to 65% to 70% from 65% to 75% and raised its load factor outlook to 50% to 55% from 45% to 55%. The stock has dropped 26.2% year to date through Wednesday, while the U.S. Global Jets ETF (JETS) has tumbled 43.5% and the S&P 500 has gained 6.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 22, 2020 06:55 ET (10:55 GMT)

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