Sandisk falls despite upbeat guidance, Q4 beat

Investing.com -- Sandisk reported Thursday guidance for current quarter that beat short of Wall Street expectations following better-than-expected fiscal Q4 results.

SanDisk Corporation (NASDAQ:SNDK) fell 10% in afterhours trading following the report.

For the three months ended June 27,, Sandisk reported adjusted diluted earnings per share of $0.29 on revenue of $1.90 billion, beating analyst estimates of $0.03 and $1.83B, respectively.

For Q1, the company forecast non-GAAP EPS in the range of $0.70 to $0.90, missing estimates of $0.79. Revenue was expected to be in the range of $2.10 billion to $2.20 billion, compared with estimates for $1.98B.

Related articles

Sandisk falls despite upbeat guidance, Q4 beat

Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse

These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia

View Comments