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Western Digital Says Sales Exceed Forecasts

April 04, 2002|Bloomberg News

Western Digital Corp., a Lake Forest maker of computer disk drives, said fiscal third-quarter sales and profit exceeded its prior forecasts on increased sales of disk drives. Sales for the quarter that ended Friday are expected to be about $590 million and per-share earnings, excluding tax benefits and investment gains, are expected to be 8 cents.

The company previously forecast sales of $575 million and profit of 5 cents. Final results for the quarter will be released April 25.

Western shares rose 1 cent to $6 on the NYSE before the revised forecast.

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