Western Digital Q4 Results Top Estimates

(RTTNews) - Western Digital Corp. (WDC) reported net income for the fourth quarter of $317 million or $1.32 per share, compared to a net loss of $265 million or $1.12 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $445 million or $1.85 per share, compared to $477 million or $1.96 per share in the prior year quarter.

Revenue for the fourth quarter declined to $3.65 billion from $3.73 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.74 per share on revenue of $3.59 billion for the fourth quarter. Analysts' estimates typically exclude special items.