1/24/2013

Western Digital Slips Despite FYQ2 Revenue, EPS Beat

Disk drive maker Western Digital (WDC) this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts’ estimates.

Revenue in the three months ended in December rose to $3.82 billion, yielding EPS of $2.09, on hard drive shipments of 59.2 million.

Analysts had been modeling $3.68 billion and $1.82 per share.

Western shares are down 57 cents, or 1.2%, at $46.50 in late trading as the company’s conference call with analysts gets underway. You can catch the webcast of that conference call here.

Shares of competitor Seagate Technology (STX) are unchanged at $36.62.

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