WDC Earnings: Western Digital Stock Falls 10% Despite Strong Financial Results

Western Digital Corp. (WDC) stock fell 10% despite reporting strong fiscal fourth-quarter results that exceeded Wall Street expectations for both EPS and revenue. The company also provided optimistic guidance for the current quarter, surpassing analyst forecasts. Despite the strong financials, the stock declined following a substantial 585% rally over the past year, largely attributed to the AI infrastructure boom.