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April 27, 2012 at 19:14 PM EDT
Western Digital Falls Over Pricing Concerns
Western Digital Corp. (NYSE: WDC) reported sharply higher third quarter revenue and earnings of $1.96 per share compared with 62 cents per share last year that beat analyst expectations but the company said that prices have stabilized sending the stock price plunging $6.17 to close at $37.93.
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