Western Digital Stock Price Falls Further

Western Digital Corp.’s stock price continued to slump Tuesday, a day after the company announced that its earnings for the fiscal first quarter will fall short of analysts’ expectations. The stock fell $1 a share Tuesday, closing at $40 on the New York Stock Exchange. The Irvine-based computer disk-drive manufacturer announced the earnings projections Monday after the market closed, triggering a drop of $7.50 a share in after-hours trading on other exchanges. Company executives said lower prices cut into Western Digital’s earnings.