Western Digital, Equinix, Ruckess earnings results mixed bag

Western Digital's fiscal fourth quarter sales fell short of expectations due to a weak PC market, but earnings were above estimates.

The storage giant reported fourth quarter earnings of $220 million, or 94 cents a share, on revenue of $3.2 billion. Western Digital's non-GAAP earnings for the fourth quarter were $1.51 a share.

Wall Street was expecting Western Digital to report non-GAAP fourth quarter earnings of $1.45 on revenue of $3.25 billion.

Overall, CEO Steve Milligan said that he'll take the quarterly results given a weak PC market.

For fiscal 2015, Western Digital reported earnings of $1.5 billion, or $6.18 a share, on revenue of $14.6 billion.

Hosting and cloud hosting player Equinix reported second quarter earnings of $59.5 million, or $1.03 a share, on revenue of $665.6 billion, up 10 percent from a year ago.

Wall Street was looking for second quarter earnings of $1.10 a share on revenue of $658.2 million.

As for the outlook, Equinix projected third quarter revenue between $681 million and $685 million. For 2015, Equinix projected revenue of $2.68 billion and $2.69 billion. That outlook was better than expected.

Wireless networking company Ruckus Wireless reported second quarter earnings of $800,000, or a penny a share, on revenue of $92.2 million, up 14 percent from a year ago. Non-GAAP earnings were 9 cents a share for the second quarter.

Analysts were expecting non-GAAP earnings of 9 cents a share on revenue of $88.2 million. The company said it saw strength across all geographies and verticals.

The company also raised its outlook and projected third quarter non-GAAP earnings of 10 cents a share to 13 cents a share on revenue of $94 million to $99 million.