Western Digital's stock dips nearly 4% on revenue decline

Western Digital Corp.’s WDC, +3.96% stock declined nearly 4% in after-hours trading Thursday after the company posted quarterly results. Western Digital reported a fiscal second-quarter net loss of $268 million, or 87 cents a share, compared with a net loss of $446 million, or $1.40 a share, in the same quarter a year ago. Adjusted earnings were a loss of 69 cents a share. Revenue dipped 2% to $3.03 billion from $3.11 billion in the year-ago quarter. Analysts surveyed by FactSet had expected on average a n ...