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

American Airlines stock slips, but loss narrows more than expected and revenue beats

7:11 am ET October 22, 2020 (MarketWatch)
Print

Shares of American Airlines Group Inc. (AAL) slipped 0.7% in premarket trading, although the air carrier reported a narrower-than-expected third-quarter loss and revenue that fell less than forecast. The company swung to a net loss of $2.40 million, or $4.71 a share, from net income of $425 million, or 96 cents a share, in the year-ago period. Excluding non-recurring items, the adjusted per-share loss was $5.54, beating the FactSet loss consensus of $5.86. Revenue dropped 73.4% to $3.17 billion, but was above the FactSet consensus of $2.81 billion. Load factor fell to 57.9% from 86.6%, as traffic declined 74.2% while capacity dropped 61.5%. For the fourth quarter, the company expects capacity to be more than 50%, with long-haul international capacity down about 75%. The stock has dropped 55.6% 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 07:11 ET (11:11 GMT)

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