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Western Digital Tops Estimates

Stock quotes in this article: WDC  

Updated from 5:08 PM EDT

SAN FRANCISCO -- Hard-disk drive maker Western Digital (WDC Quote) posted lower first-quarter net income because of charges related to its acquisition of a component maker and non-recurring tax charges.

After the market's closed, the company said net income fell to $69 million, or 31 cents a share, from $103 million, or 46 cents a share.

Excluding the Komag acquisition and tax charges, the company earned 81 cents a share, handily beating analysts' consensus estimate of 57 cents, according to Thompson Financial. ...

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