SanDisk Earnings Beat, But Outlook Slams Shares

By | July 16, 2014

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SanDisk beat Wall Street’s Q2 earnings targets, but pricing declines and a soft revenue outlook sent the flash-memory chipmaker’s shares sharply lower late Wednesday. SanDisk (SNDK) earnings rose 16% vs. a year earlier to $1.41 a share excluding items. It beat the consensus forecast by 2 cents, but that was by less than in several prior quarters. Sales rose 11% year over year to $1.63 billion in the quarter ended June 29. Analysts Scalper1 News

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