Tag Archives: sndk

SanDisk Q3 EPS Falls On Higher Costs; Q4 View Tepid

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

SanDisk EPS View Lowered After Fusion-io Deal Closes

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

Apple Behind SanDisk’s Lower Gross Profit Margins

Flash-memory chipmaker SanDisk (SNDK) disappointed investors late Wednesday with a lower gross profit margin than expected for the June quarter, which analysts attributed to its contract with iPhone maker Apple. SanDisk was down 12%, near a two-month low of 95, in midday trading in the stock market today. On Wednesday, SanDisk stock hit an all-time high of 108.77. SanDisk said its Q2 earnings rose 16% vs. the year-earlier quarter to $1.41 a share