Western Digital Misses Guidance, Reports Low Unit Shipments For Q3'15

Western Digital announced its Q3 FY 2015 earnings on Tuesday, April 29, reporting a 4% year-on-year decline in net revenues to $3.55 billion. Correspondingly, the hard drive manufacturer reported a nearly 10% y-o-y decrease in the number of units shipped, to 54.5 million during the quarter. Net revenues were slightly lower than the guided range of $3.60-$3.70 billion given by the company at the end of fiscal Q2?15. However, a favorable product mix led Western Digital?s non-GAAP gross margin to i...