SanDisk beat Wall Street’s Q2 earnings targets, but pricing declines and a soft revenue outlook sent the flash-memory chipmaker’s shares sharply lower late Wednesday. SanDisk (SNDK) earnings rose 16% vs. a year earlier to $1.41 a share excluding items. It beat the consensus forecast by 2 cents, but that was by less than in several prior quarters. Sales rose 11% year over year to $1.63 billion in the quarter ended June 29. Analysts
Flash-memory chipmaker SanDisk (SNDK) faces high expectations ahead of its second-quarter earnings, due after the market close on Wednesday. SanDisk stock is trading at record levels. SanDisk hit an all-time high of 107.13 in morning trading on the stock market today, but by late morning it had reversed and was flat, near 105.50. Analysts polled by Thomson Reuters expect SanDisk to earn $1.39 a share excluding items, on sales of $1.6 billion, in
SanDisk (SNDK) stock was up more than 1% in midday trading in the stock market today, matching an all-time high of 104 touched on June 18, after Pacific Crest Securities raised its price target, as well as its 2015 sales and EPS estimates, for the maker of flash-memory storage products. Pacific Crest analyst Monika Garg raised her price target on SanDisk stock to 123 from 97. She said in a research report dated Sunday that further upside is