Western Digital has beat analysts’ estimates as it reported a profit of $493 million (A$746.34 million), or $1.35 (A$2.04) a share, for the fiscal first quarter ended September 27, compared with a loss of $700 million (A$1.05 billion), or $2.17 (A$3.29) a share in the same period last year.
The earnings report sent its shares up nearly 5 per cent at the end of last week compared to close of trade on Wednesday.
The company’s profit climbed mainly on demand for its data-storage products from […]
Western Digital Reports Profit As Cloud Computing Drives Demand
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