Wednesday, September 7, 2016

Western Digital Bumps Expectations

Irvine-based storage developer Western Digital has bumped its financial expectations for its fiscal first quarter, saying that it now expects first quarter revenues of between $4.45 billion to $4.55 billion, up from an earlier forecast of $4.4 billion to $4.5 billion. The company said it is increasing its revenue expectations due to its recent acquisition of SanDisk, plus progress in integrating its WD and HGST subsidiaries, and a better product mix.

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