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Disk drive maker Western Digital on Thursday reported a narrower-than-expected loss in its fiscal first quarter of $33.5 million, or 23 cents per share, on sales of $440.2 million, including a gain from some company debt that was redeemed for stock. Excluding the gain, the company lost $44.8 million, or 30 cents per share. Analysts expected the company to lose 32 cents per share, according to a consensus estimate from Multex.com. In the same quarter last year, Western Digital lost $106.3 million, or $1.11 per share, on revenue of $407 million. "The (September) quarter was a challenging one for the desktop drive industry, as it began with low price points and ended with component shortages that constrained our ability to meet total demand," chief executive Matt Massengill said in a statement.
Komag, a disk drive components maker, posted second-quarter results below expectations. Komag reported a net loss of $74.1 million, or $1.40 per share, before a $261.9 million one-time charge related to layoffs and plant closure. Analysts expected a loss of $1.11 a share, according to First Call. Net sales totaled $78.8 million, down from $175.1 million for the year-ago quarter. Komag attributed the low earnings to a weak demand.
Computer Associates International reported net income of $336 million, or 90 cents per share, for its fourth quarter ended March 31. That's an increase of 29 percent over last year. Revenue came in at $1.21 billion, up from $1.11 billion a year ago. For the fiscal year, the company reported revenue of $4 billion and net income of $2.54 per share, excluding charges associated with two acquisitions. Gains were attributed to strong sales of CA's Unicenter TNG systems management suite.