Why Western Digital Stock Is Tumbling Despite A Big Earnings Beat

Western Digital (WDC) stock fell sharply Thursday despite the hard-disk drive maker posting a big earnings beat for its fiscal fourth-quarter. The results may be overshadowed from what analysts called an even stronger report from rival Seagate Technology last week. Western Digital, which recently rebranded as WD, said late Wednesday that Q4 revenue jumped 44% year-over-year to $3.75 billion, helped…