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Tech Industry

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 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.