Western Digital rises after strong Q2 revenue forecast
Today 21:20
BUZZ-Western Digital rises after strong Q2 revenue forecast ** Shares of data storage products maker Western Digital WDC.O up 1.8% at $361.20 in extended trading
** Co expects Q2 revenue of $5.1 billion +/- $100 million, compared with analysts' average estimate of $4.58 billion, according to data compiled by LSEG
** "We are executing well through our technology transitions to meet the growing demand for storage" — CEO Irving Tan
** Revenue for Q1 up 55% YoY at $4.38 billion
** Up to Thursday's close, stock up 105% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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