Skip to main content

Western Digital: Fiscal Q2 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Western Digital Corp. (WDC) on Thursday reported fiscal second-quarter profit of $1.84 billion.

The San Jose, California-based company said it had profit of $4.73 per share. Earnings, adjusted for one-time gains and costs, came to $2.13 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The maker of hard drives for businesses and personal computers posted revenue of $3.02 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.95 billion.

For the current quarter ending in March, Western Digital expects its per-share earnings to range from $2.15 to $2.45.

The company said it expects revenue in the range of $3.1 billion to $3.3 billion for the fiscal third quarter.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WDC at https://www.zacks.com/ap/WDC

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story