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Tag Archives: expectations

Cornerstone’s Q4 falls short of expectations

Cornerstone said its plan to boost margins and revenue growth is going well, but the company’s fourth quarter results fell short of expectations. The company reported a fourth quarter net loss of $9 million, or 16 cents a share, on revenue of $132 billion, up 21 percent from a year ago. On a non-GAAP basis, Cornerstone reported earnings of 19 ...

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Western Digital beats market expectations for Q2 with record revenue

Western Digital reported its second quarter financial results on Thursday, beating market expectations thanks to a “healthy” demand in enterprise storage and NAND flash. The company reported a net loss of $823 million, or $2.78 a share. Non-GAAP earnings were $3.95 per share on revenue of $5.3 billion, up from $4.9 billion from a year ago. The company said the ...

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