Western Digital Corp., which makes hard drives for computers and digital video recorders, said Thursday that profit in its first fiscal quarter tripled over the same period last year, when the results were weighed down by big charges.
Shares of Western Digital fell 72 cents, or 5.2 percent, to $13.05 in regular trading. In extended trading after the financial results were released, the shares jumped $1.51, or 11.6 percent, to $14.56.
The company said it earned $211 million, or 93 cents per share, in the quarter ended Sept. 26.
Analysts were expecting the company to earn 81 cents per share, according to a survey by Thomson Reuters.
In the same quarter last year, the company earned $69 million, or 31 cents per share, including $109 million in charges tied to taxes and an acquisition.
Revenue in the most recent quarter rose 19 percent to $2.11 billion from $1.77 billion a year ago, and unit shipments rose 34 percent.
Analysts were expecting sales of $2.07 billion.
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