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Western Digital Jumps 5% on Increased FYQ2 Revenue, Profit View
Shares of disk-drive and NAND flash chip maker Western Digital (WDC) are surging in late trading as the company raises its fiscal Q2 outlook for three months ended in December.
In a news release accompanying the company’s analyst day meeting, Western raised its revenue view to $4.75 billion from a prior $4.7 billion, and also raised its gross profit outlook and lowered its estimate for its tax rate.
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