SanDisk Lowers Q1 Revenue Outlook, Spurs Downgrade

By | March 26, 2015

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SanDisk (SNDK) early Thursday lowered its Q1 revenue guidance, prompting at least one analyst to downgrade the stock. The Milpitas, Calif.-based flash-memory chipmaker revised its Q1 revenue outlook to $1.3 billion, down 13% from the year-earlier quarter and below its prior guidance of $1.4 billion to $1.45 billion. Analysts polled by Thomson Reuters had modeled on $1.42 billion. Before SanDisk announced Q4 earnings in January, analysts had Scalper1 News

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