SanDisk EPS Falls As Costs Rise; Tepid On Q4

By | October 17, 2014

Scalper1 News

Flash memory chipmaker SanDisk (SNDK) late Thursday forecast Q4 revenue below analyst expectations and posted lower-than-expected Q3 revenue, sending its shares down on Friday. SanDisk stock was down 1% in midday trading in the stock market today, near 84. The company expects revenue for the current quarter to be short due to lower revenue from Fusion-io, a solid-state storage products designer that it acquired for $1.1 billion in June. SanDisk Scalper1 News

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