Western Digital Profit Rises Sixfold
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From Bloomberg News
Western Digital Corp., whose disk drives are used in Microsoft Corp.’s Xbox video-game console, said first-quarter profit jumped sixfold after it cut costs and developed new drives.
Net income rose to $30.4 million, or 14 cents a share, from $5 million, or 2 cents, a year earlier, Lake Forest-based Western Digital said. Sales rose 15% to $823.6 million.
Western Digital shares rose 11 cents to $8.28 on the NYSE.
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