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Data storage products maker Western Digital Corp posted a wider second-quarter adjusted loss on Thursday, due to the impact of structural changes the company implemented in its flash and HDD businesses. Last quarter, the company said it would spin off its flash memory business, which has been grappling with a supply glut after talks of merging the unit with Japan's Kioxia stalled, by the second half of 2024. On an adjusted basis, the company reported a loss of 69 cents per share, compared with analysts' average estimate of a loss of $1.31 per share, according to LSEG data.

Krishna chandra eluriTanya jainWestern digitalDigital corpWestern digital corp