Tag Archives: STX

Western Digital Swings to a Loss, Yet Shares Rise

Fiscal 2017 is starting out well for disk-drive manufacturer Western Digital (NASDAQ: WDC). Even though its first-quarter bottom line ended up in the red, the company's results exceeded expectations. For the quarter, the company booked revenue of $4.7 billion, which was a 38% improvement over the same period a year ago -- although this was the first time its report fully integrated the results of solid state drive maker SanDisk.