SanDisk (SNDK) Beats Q4 Views on Solid Product Sales, Diversified Channels
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Price: $1,596.08 -0.28%
Financial Fact:
Total cost of product revenues: 822.41M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total cost of product revenues: 822.41M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Remember SanDisk's (Nasdaq: SNDK) fourth-quarter earnings?
Recall Thursday afternoon when, for the fourth quarter, SanDisk's revenue increased 17 percent from $1.179 billion to $1.375 billion?
How about when net income fell 3.7 percent to $248.39 million, or $1.02 per diluted share? Not even the non-GAAP earnings number of $1.14, excluding things like share-based compensation and asset amortization?
Well, there's your reminder.
Analysts were expecting revs of $1.34 billion and earnings of 99 cents per share.
"We delivered record quarterly revenue, driven by our broad product offerings and our well diversified Retail and OEM channels," CEO Sanjay Mehrotra commented. "Solid execution on product cost reductions enabled strong profitability."
SanDisk ended the quarter with $5.28 billion in cash.
Shares are trading about 2.2 percent better late Thursday.
Recall Thursday afternoon when, for the fourth quarter, SanDisk's revenue increased 17 percent from $1.179 billion to $1.375 billion?
How about when net income fell 3.7 percent to $248.39 million, or $1.02 per diluted share? Not even the non-GAAP earnings number of $1.14, excluding things like share-based compensation and asset amortization?
Well, there's your reminder.
Analysts were expecting revs of $1.34 billion and earnings of 99 cents per share.
"We delivered record quarterly revenue, driven by our broad product offerings and our well diversified Retail and OEM channels," CEO Sanjay Mehrotra commented. "Solid execution on product cost reductions enabled strong profitability."
SanDisk ended the quarter with $5.28 billion in cash.
Shares are trading about 2.2 percent better late Thursday.
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