Western Digital raises forecasts

Western Digital Corp., the second-largest maker of computer hard-disk drives, raised its quarterly sales and profit forecasts after price cuts slowed.

Revenue in the current quarter will climb to as much as $2.08 billion in the period, the company said in a regulatory filing. Earnings will increase to $1.02 to $1.06 a share.

In November, the Lake Forest company forecast profit of 73 to 77 cents a share on sales of as much as $1.93 billion for the fiscal second quarter, which ends this month.