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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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U.S. Pending Home Sales Fall More Than Expected In July
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
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49 minutes ago
Eurozone Economic Confidence Weakens In August
Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
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1h 0min ago
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.
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1h 11min ago
U.S. Economy Surges More Than Previously Estimated In Q2
The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
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1h 23min ago
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates
A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
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1h 29min ago
Switzerland Logs Weaker Growth, Trims 2026 Outlook
The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
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2h 34min ago
U.S. GDP Jumps More Than Previously Estimated In Q2
The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.
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2h 42min ago
U.S. Weekly Jobless Claims Edge Down To 229,000
A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
RTTNews
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2h 47min ago
