Western Digital: Fiscal Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Western Digital Corp. (WDC) on Thursday reported fiscal first-quarter profit of $1.78 billion.

The San Jose, California-based company said it had profit of $4.63 per share. Earnings, adjusted for one-time gains and costs, were $4.64 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share.

The maker of hard drives for businesses and personal computers posted revenue of $4.38 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.17 billion.

For the current quarter ending in December, Western Digital expects its per-share earnings to range from $5.60 to $6.

The company said it expects revenue in the range of $5 billion to $5.2 billion for the fiscal second quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WDC at https://www.zacks.com/ap/WDC