Market Overview

UPDATE: Western Digital Posts Upbeat FQ2 Profit

Related WDC
Western Digital: 16-18% Upside Based On Analyst Commentary
Western Digital Q4 Conference Call
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

Western Digital (NASDAQ: WDC) reported a rise in its fiscal second-quarter profit.

Western Digital's quarterly profit surged to $335 million, or $1.36 per share, from $145 million or $0.61 per share, in the year-ago period. Its adjusted profit came in at $2.09 per share.

Its revenue rose to $3.82 billion, from $2 billion. However, analysts expected a profit of $1.82 per share on revenue of $3.67 billion.

Western Digital shares fell 1.42% to $46.40 in after-hours trading.

Posted-In: profitEarnings News

 

Related Articles (WDC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters