Western Digital announces CEO succession plan, signals lean second-quarter

The San Jose-based company expects its second-quarter adjusted profit to come in between 45 cents and 65 cents per share, compared with analysts’ forecasts of 75 cents per share, according to IBES data from Refinitiv. After the closing bell of trading on Wednesday, Western Digital posted a revenue of $4.04 billion and adjusted profit of 34 cents per share for first quarter ended Oct. 4, beating analysts’ expectations of $3.93 billion and 30 cents per share. …read more

Source:: Yahoo Finance

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