Western Digital quarterly revenue misses estimates, shares fall
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(Reuters) - Western Digital Corp reported a bigger-than-expected 20.7 percent fall in quarterly revenue on Thursday, exacerbating concerns that a China-led slowdown in smartphone demand is weighing on sales of its data storage devices.The company's shares fell about 5 percent after the bell. They closed up 6.7 percent at $40.14 in regular trading, lifted by a rally in chipmakers following better-than-expected results from Texas Instruments Inc, Xilinx Inc and Lam Research Corp, with the broader..