Western Digital Lifts Q4 Outlook, Names Mark Long CFO

(RTTNews) - Western Digital Corp. (WDC) Wednesday raised its fourth-quarter financial outlook and also appointed a new Chief Financial Officer.

The maker of computer disk drives now expects fourth-quarter adjusted earnings of about $0.72 per share and revenues of about $3.46 billion. Earlier the company expected earnings of $0.65 to $0.70 per share and revenues of $3.35 billion to $3.45 billion.

Analysts polled by Thomson Reuters currently project earnings of $0.68 per share on revenues of $3.41 billion.

Western Digital also named Mark Long as new chief financial officer, effective September 1. Long will succeed Olivier Leonetti who is leaving the company.

WDC closed Wednesday's trading at $45.46, up $0.74 or 1.65%, on the NYSE. The stock further rose $1.23 or 2.71% in the after-hours trade.