Western Digital Corporation (WDC)

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Western Digital (WDC) posted a net profit of $745 million, or $2.87 a share, for the fourth quarter ended June 29, up sharply from $158 million, or 67 cents, earned in the final three months of fiscal 2011. The Irvine, Calif.-based company likewise showed a big jump in quarterly revenue -- to$4.75 billion from the prior year's $2.4 billion. On an adjusted basis, Western Digital would have earned $3.35a share for the latest quarter. Analysts surveyed by FactSet had forecast, on average, a profit of $2.47 a share and revenue of $4.25 billion. The company shipped 71 million hard-disk drives during the latest quarter, with CEO John Coyne saying that "demand was in line with our forecast."