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Actionable news in WDC: Western Digital Corporation,

Western Digital Profit Falls 81%

Western Digital Corp. said its earnings fell 81% in the latest quarter as sales and margins weakened.

Shares fell 4.4% to $44.09 in recent after-hours trading as per-share earnings, excluding certain one-time items, and revenue were at the lower end of the company’s expectations and fell short of Wall Street estimates.

The Irvine, Calif., disk-drive maker is acquiring rival SanDisk Corp. The companies unveiled their deal in October, promoting the combination of Western Digital’s leading position in...