Consumer Electronics

SanDisk Marched Past Estimates As SSD Is 10% of Sales

SanDisk Corporation (NASDAQ: SNDK) was already up big off the 2012 lows, but now we have earnings out. The flash memory leader turned in earnings of $1.05 in earnings per share on sales of $1.54 billion in revenue. We had the consensus earnings targets from Thomson Reuters at $0.76 EPS and $1.53 billion in sales. After items, the flash memory leader still earnings $0.87 per share and sales were down 2% annually but up 21% sequentially.

The company’s solid-state drive business is contributing 10% of sales. Operating income as a percent of sales was 23.9% and gross profit as a percentage of sales was 39.9% (both non-GAAP of course). SanDisk said that its cash and short-term and long-term marketable investments totaled $5.71 billion at the end of the fourth quarter.

Shares were halted ahead of earnings after falling 0.6% to $47.65 on the day and its 52-week trading range is $30.99 to $52.64. We would also note that analysts had a consensus pre-earnings price target of about $51.62 for SanDisk shares on a one-year price target objective.

Until we have guidance, this is to be considered an incomplete earnings report.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.