SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Western Digital Corp. (WDC) on Thursday reported fiscal first-quarter earnings of $1.18 billion.
The San Jose, California-based company said it had profit of $3.07 per share. Earnings, adjusted for non-recurring gains, were $1.78 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The maker of hard drives for businesses and personal computers posted revenue of $2.82 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.72 billion.
For the current quarter ending in December, Western Digital expects its per-share earnings to range from $1.73 to $2.03.
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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
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