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.
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