BUZZ-Western Digital jumps on additional buyback plan

Reuters

02/03

BUZZ-<a href="https://laohu8.com/S/WDCVV">Western Digital</a> jumps on additional buyback plan

** Shares of data storage company Western Digital WDC.O rise 4.7% to $282.20 premarket

** Company authorizes additional $4 billion of share repurchases

** It has ~$484 mln remaining for buybacks as of Monday under prior authorization of $2 bln in May 2025

** In January, WDC forecast Q3 adjusted revenue of $3.2 bln, plus or minus $100 million, vs analysts' estimate of $2.96 bln - data compiled by LSEG

** Shares more than tripled in 2025

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

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