Western Digital Shares Up 14% on Forecast

Shares of Western Digital Corp. climbed 14% after the maker of computer disk drives boosted its third-quarter profit forecast and said increased demand for digital entertainment devices would drive sales to the high end of estimates.

The Lake Forest-based company said profit in the quarter ending today would be 29 cents to 31 cents a share on sales of $900 million to $915 million, up from 16 cents to 19 cents a share.

Western Digital shares rose $1.58 to $12.75 on the New York Stock Exchange.