Western Digital Corp Profit Declines 36% In Q3

(RTTNews) - Western Digital Corp (WDC) revealed earnings for third quarter that decreased from last year.

The company said its bottom line came in at $283 million, or $1.21 per share. This was lower than $441 million, or $1.87 per share, in last year's third quarter.

Analysts had expected the company to earn $1.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 20.6% to $2.82 billion. This was down from $3.55 billion last year.

Western Digital Corp earnings at a glance:

-Earnings (Q3): $283 Mln. vs. $441 Mln. last year. -Earnings Decline (Y-o-Y): -35.8% -EPS (Q3): $1.21 vs. $1.87 last year. -EPS Decline (Y-o-Y): -35.3% -Analysts Estimate: $1.28 -Revenue (Q3): $2.82 Bln vs. $3.55 Bln last year. -Revenue Change (Y-o-Y): -20.6%