Western Digital rises after Q4 forecasts beat estimates

Data storage products maker Western Digital Corp WDC.O shares rise 8.3% at $44.88 before the bell

Co forecasts Q4 rev. of $2.45 bln and adj. EPS outlook of $1.45, compared with Wall Street estimates of rev. of $2.38 bln and $1.16 profit/share - data compiled by LSEG

Co posts Q3 rev. of $2.29 bln vs analysts' expectations of $2.35 bln

Western Digital adopts quarterly cash dividend program; declares dividend of 10 cents/shr

19 out of 25 analysts rate share as "buy" or higher, 6 "hold"; median PT is $57.66

WDC down 9.9% YTD vs S&P information technology index .SPLRCT decline of 11.8%