Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

SanDisk Lowers Q1 Revenue Guidance - Quick Facts

RELATED NEWS
Trade SNDK now with 
4/3/2012 5:00 PM ET

SanDisk Corp. (SNDK: Quote) announced that it lowered its first-quarter total revenue guidance, due to weaker than expected pricing and demand.

For the first-quarter, the company now expects total revenue to be approximately $1.2 billion, down from the previously forecasted revenue range of $1.30 billion to $1.35 billion. Total gross margin is also expected to be below the previously guided range of 39% to 42%.

Analysts polled by Thomson Reuters expect the company to report revenues of $1.34 billion for the first-quarter. Analysts' estimates typically exclude special items.

SanDisk stated that it will release its first-quarter financial results and provide business commentary at its earnings conference call to be held on April 19, 2012.

SNDK closed Tuesday's regular trading at $50.05, up $0.45. However, in the after-hours, the stock is down $3.20 or 6.39%.

Click here to receive FREE breaking news email alerts for Sandisk Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.