Western Digital Corp. said its normalized net income for the fiscal second quarter ended Jan. 2 was $1.25 per share, compared with the S&P Capital IQ consensus estimate of $2.11 per share.
EPS declined year over year from $1.29.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $296.9 million, a decrease of 5.6% from $314.4 million in the second quarter ended Dec. 27, 2013.
The normalized profit margin increased to 8.2% from 7.9% in the year-earlier period.
Total revenue decreased on an annual basis to $3.89 billion from $3.97 billion, and total operating expenses decreased from the prior-year period to $3.40 billion from $3.46 billion.
Reported net income rose year over year to $437.9 million, or $1.84 per share, from $430.1 million, or $1.77 per share.