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Western Digital Stock Jumps After Raising Its Quarterly Guidance

Western Digital (WDC) stock rose almost 6% to $67.60 in after-hours trading on Tuesday after increasing its outlook for the fiscal 2017 second quarter.

The Irvine, Calif.-based company said after the closing bell that it now anticipates adjusted earnings per share between $2.10 and $2.15 for the second quarter, higher than its previous estimates of $1.85 to $1.95. Analysts surveyed by FactSet were looking for adjusted earnings...