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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Western Digital Corp (WDC) shares are dropping after the computer hardware and storage company forecast revenue for the first quarter that missed the average analyst estimate at the midpoint. Analysts note the company’s performance lags that of peer Seagate.
- Sandisk (SNDK) share are falling after the computer hardware company’s revenue forecast for the first quarter missed the average analyst estimate. Analysts note that the current quarter outlook was soft but they are positive about the business transitioning to a more durable operation.
- Diageo (DGE) shares are moving after CEO Dave Lewis forecast a return to growth and laid out a significant cost-savings program as he forges ahead with his plan to overhaul the British distiller.
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