UPDATE: SanDisk Posts Upbeat Q4 Profit
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.