Western Digital Guides Q1 Well Below Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Friday, Western Digital Corp. (WDC) provided its adjusted earnings and revenue guidance for the first quarter of fiscal 2023.
For the first quarter, the company now projects adjusted earnings in the range of $0.35 to $0.65 per share on revenues between $3.60 billion and $3.80 billion.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.96 per share on revenues of $4.74 billion for the quarter. Analysts' estimates typically exclude special items.
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TSX Ends Modestly Lower
https://money.tmx.com/canadian-markets
https://www.rttnews.com/3499633/bay-street-likely-to-open-slightly-higher.aspx?type=cn
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Dollar Turns In Mixed Performance Against Major Counterparts
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
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U.S. Stocks Down Firmly In Negative Territory; Nasdaq Tumbled 1.7 Percent
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Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors.
The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
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Canadian Dollar Declines Against Most Majors
The Canadian dollar weakened against its most major counterparts in the New York session on Friday.
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European Markets Close Higher
European stocks closed higher on Friday, as investors made some purchases at several counters as markets resumed trading after Christmas holidays.
Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week.
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Pound Strengthens Against Majors
The pound appreciated against its major counterparts in the New York session on Friday.
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