Shares of Western Digital Corporation (NASDAQ:WDC – Get Free Report) traded down 5.4% on Wednesday . Western Digital News SummaryHere are the key news stories impacting Western Digital this week:Get Western Digital alerts:Positive Sentiment: Western Digital reported fiscal fourth-quarter revenue of approximately $3.75 billion, up about 44% year over year, and adjusted earnings of $3.56 per share—both ahead of Wall Street expectations. Western Digital declared a quarterly dividend of $0.15 per share, payable September 17 to shareholders of record September 8. Sandisk, Western Digital Drag on Chip Stocks as Lofty Expectations Eclipse Strong EarningsProfit-taking intensified because Western Digital had already rallied sharply on the AI-storage theme. See AlsoReceive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.com's FREE daily email newsletter.