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
09/02/201508:00:00SanDisk and Nexenta to Deliver the First Open Software-Defined...
09/02/201504:51:00SanDisk stellt auf IFA 2015 aus, Stand Halle 10.2, Hama-Stand...
08/31/201516:05:20SanDisk Sets October 21 to Discuss FQ3-2015 Financial Results
08/31/201508:05:00SanDisk® Unveils Integrated Data Service for VMware vSphere® w...
08/27/201509:00:00SanDisk® Introduces New All-Flash Reference Architectures...
08/26/201508:35:00Tegile Unveils IntelliFlash HD Flash Platform for Enterprise...
08/18/201509:01:00SanDisk Helps Consumers Conquer PC Upgrades with Industry First...
08/11/201517:00:00SanDisk Enables Performance & Density Gains for Cloud Infrastructures...
08/06/201516:12:50SanDisk CFO to Present at the Pacific Crest Conference August...
08/04/201509:45:00Data Storage Devices Stocks on our Radar -- Seagate Technology...
08/04/201508:00:00SanDisk and SK Hynix Announce Expanded IP and Commercial Relationship;...
08/03/201517:00:00SanDisk Announces World’s First 256 Gigabit 3-bit-per-cell...
07/31/201516:48:51Quarterly Report (10-q)
07/30/201516:08:24Statement of Changes in Beneficial Ownership (4)
07/22/201516:07:36Current Report Filing (8-k)
07/22/201516:05:00SanDisk Announces Second Quarter 2015 Results
07/22/201516:05:00SanDisk Declares Third Quarter 2015 Cash Dividend
07/14/201509:00:00SanDisk Reinvents Consumer Mobile Storage With New Wireless Flash...
07/13/201509:00:00SanDisk Ships Its Two Billionth microSD™ Card as Technology M...
07/13/201509:00:00SanDisk Transforms the Mobile Experience With High Capacity iNAND...

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