SanDisk Corp. (NASDAQ: SNDK) reported earnings of -$0.48 in non-GAAP EPS on a 22% revenue decline to $659 million. Estimates from Thomson Reuters were -$0.76 EPS on $537.7 million in sales for the quarter. The company noted that it is encouraged that industry supply and demand balance is becoming better aligned resulting in higher flash pricing.
We did not see guidance, so consider this unfinished business until the conference call is complete.
Shares closed up 2.3% at $13.71 today and their 52-week trading range is $5.07 to $33.17; so far we are seeing the stock up at $14.60 in after-hours trading.
JON C. OGG
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
