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SanDisk, a leading maker of flash memory in smartphones, late Wednesday posted Q1 earnings that missed Wall Street expectations, as did its revenue outlook for the current quarter, and the company promised job cuts to boost its bottom line. The company’s stock was down 5% in after-hours trading, after a financial report that its CEO labeled “unacceptable.” In the regular session Wednesday, shares rose 1% to close at 71.12, down 35% from their Scalper1 News
Scalper1 News