Short Take: WDC falls on wider-than-expected loss
Disk drive maker Western Digital reported revenue of $831.3 million for its March quarter, down from $1.1 billion a year ago. Net loss was $45 million, or 51 cents a share, compared with profits of $82.6 million, or diluted earnings of 88 cents a share, last year. The loss was six cents wider than expected, and the company's stock fell about 10 percent following the earnings announcement.
Disk drive maker reported
revenue of $831.3 million for its March quarter, down from $1.1 billion a
year ago. Net loss was
$45 million, or 51 cents a share, compared with profits of $82.6 million,
or diluted earnings of 88 cents a share, last year. The loss was six cents
wider than expected, and the company's stock
fell about 10 percent following the earnings announcement.