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Data storage devices maker $WDC reported a decline in 1Q16 earnings due to lower revenue. Net income was $283MM or $1.21 per share, down from $423MM or $1.76 per share in the same period of the previous year. Revenue fell to $3.36Bil from $3.94Bil. Non-GAAP EPS decreased to $1.56 from $2.10.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.