Sandisk (SNDK) Tops Q3 EPS Views
Sandisk (NASDAQ: SNDK) reported Q3 EPS of $1.09, $0.29 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.4 billion.
“SanDisk completed several important product qualifications in embedded and SSD solutions in the third quarter, contributing to our strong sequential revenue growth,” said Sanjay Mehrotra, president and chief executive officer, SanDisk. “Our mix of 15 nanometer, three-bit-per-cell (X3) technology helped drive substantial cost reduction in the quarter. We are making excellent progress in expanding our product portfolio and building our customer engagements.”
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