ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » SNDK Stock Price » SNDK Stock News

Sandisk Share News

 Sandisk (mm) Stock Price
SNDK Stock Price
 Sandisk (mm) Stock Chart
SNDK Stock Chart
 Sandisk (mm) Stock News
SNDK Stock News
 Sandisk (mm) Company Information
SNDK Company Information
 Sandisk (mm) Stock Trades
SNDK Stock Trades

SanDisk 4Q Net Falls 42% Absent Tax Item; Core Profit Rises

DOW JONES NEWSWIRES SanDisk Corp.'s (SNDK) fourth-quarter profit fell 42% from a year-ago result buoyed by a large tax-provision benefit, while core earnings registered a slight improvement. Shares still fell 2.6%, to $50.99 after hours, as margins weakened. The stock had climbed 7.8% over the past year through Wednesday's close. SanDisk, once mainly known for small storage cards and thumb drives sold in retail stores, has expanded its business into devices like smartphones, tablets and digital music players. The company last year gained a bigger foothold in the market for enterprise solid-state drives, which are used by businesses in data centers, by acquiring Pliant Technology for $327 million. As a maker of solid-state devices, Sandisk could also benefit from supply problems in the hard-disk drive industry, which lost a big chunk of its production capacity late last year due to devastating floods in Thailand, a major manufacturing center. Revenue was still in line with the company's guidance range, however. The company's year-earlier result also included a $203 million tax-provision benefit that skewed the latest earnings change. SanDisk reported a profit of $281.2 million, or $1.14 a share, down from $485.5 million, or $2.01 a share, a year earlier. Excluding stock-based compensation costs, income tax adjustments and other one-time items, per-share earnings edged up to $1.29 from $1.27. Analysts polled by Thomson Reuters were expecting $1.26 a share. Total revenue rose 19%, to $1.58 billion. The company's October forecast called for $1.5 billion to $1.6 billion. Gross margin narrowed to 42% from 43.4%. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Sandisk (SNDK)
DateTimeHeadline
03/31/201508:00:00SanDisk® Enhances FlashSoft Caching Software Portfolio & Introduces...
03/30/201519:09:22Pomerantz Law Firm Announces the Filing of a Class Action Against...
03/30/201508:49:19More Weakness In Store For Semiconductor Stocks?
03/29/201510:50:27SanDisk Will Be Just Fine
03/28/201502:26:40What's Going On?
03/27/201516:52:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation...
03/27/201510:30:00INVESTOR ALERT: Investigation of SanDisk Corporation Announced...
03/27/201507:41:39Market Is Not Out Of The Woods Yet - Cramer's Mad Money (3/26/15)
03/26/201522:30:00Harwood Feffer LLP Announces Investigation of SanDisk Corp.
03/26/201516:58:00SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces...
03/26/201516:46:32MARKET SNAPSHOT: U.S. Stocks Ring Up Fourth Straight Losing Day
03/26/201515:52:00Bernstein Liebhard LLP Investigates Claims On Behalf Of Those...
03/26/201515:47:33SanDisk Cuts Revenue Outlook on Weak Enterprise Sales, Pricing--3rd...
03/26/201515:28:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
03/26/201515:25:15SanDisk Cuts Revenue Outlook on Weak Enterprise Sales, Pricing--2nd...
03/26/201514:43:26MARKET SNAPSHOT: U.S. Stocks Attempt Rebound In Late Trade
03/26/201513:06:46MARKET SNAPSHOT: U.S. Stocks Pare Losses, Techs Rebound
03/26/201512:57:04MARKET SNAPSHOT: U.S. Stocks Pare Gains, Techs Rebound
03/26/201512:40:13SanDisk Corp. Stock Crashes on Guidance Cut
03/26/201510:34:22MARKET SNAPSHOT: U.S. Stocks Drop As Investors Fret Over Growth...

Sandisk and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad