Why Western Digital Stock Just Jumped 11%
Shares of computer memory maker Western Digital Corporation (NASDAQ: WDC) are spinning higher Friday, up 10.8% as of 10 a.m. EST -- not due to any internet-inspired market manipulation, but because of a good old-fashioned earnings beat.
Expected to report $0.54 per share in pro forma profit on sales of $3.9 billion, Western Digital nailed the revenue target in its fiscal second-quarter 2021 report released yesterday evening, and blew right past the earnings goal with $0.69 per share.
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Source Fool.com
