SanDisk EPS View Lowered After Fusion-io Deal Closes

By | September 3, 2014

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An analyst on Wednesday lowered his earnings estimates for SanDisk (SNDK) after the Milpitas, Calif.-based flash memory storage chipmaker closed its acquisition of Fusion-io several months earlier than expected. Susquehanna Financial Group analyst Mehdi Hosseini lowered his earnings per share ex items estimate for 2014 to $5.73 from $5.97, and for 2015 to $6.50 from $6.90. SanDisk posted 2013 EPS ex items of $5.31. Hosseini maintained a positive Scalper1 News

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