India, April 30 -- Western Digital Corp. (WDC), while reporting higher third-quarter results, on Wednesday issued outlook for its fourth-quarter adjusted earnings above market estimates.
Further, the company's Board of Directors authorized the adoption of a quarterly cash dividend program beginning with the quarter ending June 27, and declared a cash dividend of $0.10 per share, payable on June 18 to shareholders of record as of June 4.
In pre-market activity on the Nasdaq, Western Digital shares were gaining around 7.1 percent to trade at $43.50.
For the fourth quarter, the company projects adjusted earnings per share between $1.25 and $1.65 and revenues between $2.30 billion and $2.60 billion.
The Wall Street analysts on average expec...