Purchase cost trips up Western Digital
From Times Wire Reports
Western Digital Corp., the world’s second-largest maker of computer hard-disk drives, posted a 33% drop in fiscal first-quarter profit after booking costs to acquire Komag Inc.
Net income fell to $69 million, or 31 cents a share, from $103 million, or 46 cents, a year earlier, Lake Forest-based Western Digital said.
Western Digital shares rose $1.20, or 4.6%, to $27.22 in extended trading, after closing at $26.02.
