Western Digital Corp Q2 Income Declines 31%

(RTTNews) - Western Digital Corp (WDC) released earnings for second quarter that fell from last year.

The company said its profit fell to $374 million, or $1.60 per share. This was down from $539 million, or $2.26 per share, in last year's second quarter.

Analysts had expected the company to earn $1.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 14.7% to $3.32 billion. This was down from $3.89 billion last year.

Western Digital Corp earnings at a glance:

-Earnings (Q2): $374 Mln. vs. $539 Mln. last year. -Earnings Decline (Y-o-Y): -30.6% -EPS (Q2): $1.60 vs. $2.26 last year. -EPS Decline (Y-o-Y): -29.2% -Analysts Estimate: $1.54 -Revenue (Q2): $3.32 Bln vs. $3.89 Bln last year. -Revenue Change (Y-o-Y): -14.7%