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UPDATE: SanDisk Posts Upbeat Q4 Profit

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SanDisk (NASDAQ: SNDK) reported a drop in its fourth-quarter profit.

SanDisk's quarterly profit declined to $213.54 million, or $0.87 per share, from $281.22 million or $1.14 per share, in the year-ago period. Its adjusted profit came in at $1.05 per share.

Its revenue declined to $1.54 billion, from $1.58 billion. However, analysts expected a profit of $0.74 per share on revenue of $1.53 billion.

SanDisk shares fell 3.71% to $45.88 in after-hours trading.

Posted-In: profitEarnings News


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