July 21, 2010

Posted in: Breaking News, Hardware

Western Digital Earnings Soar


You read that right, Western Digital “posted a profit of $265 million, or $1.13 a share, on revenue of $2.4 billion; during the same period a year ago, the hard-disk drive maker earned $196 million, or 86 cents a share, on $1.9 billion in revenue.”

Analysts surveyed by FactSet Research had forecast Western Digital to earn $1.38 a share on $2.47 billion in sales for the period ended July 2. Shortly after its results came out, Western Digital’s shares fell almost 2%, to $29.58.

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