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Western Digital 4th-qtr profit soars
July 25 |
July 25 (Reuters) - Hard drive maker Western Digital Corp's fourth-quarter profit more than quadrupled on higher shipments of hard drives.
Excluding one-time items, the company earned $3.35 a share.
Revenue during the three-month period more than doubled to $4.75 billion.
Analysts on average were looking for $2.47 profit on $4.25 billion in revenue, according to Thomson Reuters I/B/E/S.
Western Digital shares closed up 2 percent at $32.47 on Wednesday on the Nasdaq.
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