Western Digital Raises Second-Quarter Guidance

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Western Digital

(WDC) - Get Report

raised its second-quarter guidance, citing stronger revenues and unit shipments, as well as higher profitability due to increased demand for its products.

The computer drive maker said it now expects second-quarter earnings of 4 cents a share, topping Wall Street's estimate of a penny a share, according to Thomson Financial/First Call.

The company also expects second-quarter revenue to be $540 million to $550 million, up from the previous forecast of $490 million to $520 million.