Western Digital Q1 Results Top Estimates

(RTTNews) - Western Digital Corp. (WDC) reported net income for the first quarter of $423 million or $1.76 per share, compared to $495 million or $2.05 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $504 million or $2.10 per share, compared to $514 million or $2.12 per share in the prior year quarter.

Revenue for the first quarter rose to $3.94 billion from $3.80 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $2.03 per share on revenue of $3.89 billion for the first quarter. Analysts' estimates typically exclude special items.