Western Digital signals revenue rise in second half, shares climb
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(Reuters) - Western Digital Corp said on Thursday it expected revenue to improve in the second half and would cut costs, after posting lower-than-expected quarterly results due to waning demand for its data storage devices used in smartphones.The company's shares reversed course following the comments on a post-earnings call to trade 8 percent higher in extended trading. They fell as much as 5 percent earlier.Chief Executive Officer Stephen Milligan said on the call that the company expected..