logo
Share SHARE
FONT-SIZE Plus   Neg

SanDisk Lowers Q1 Revenue Guidance - Quick Facts

SanDisk Corp. (SNDK) 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%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. is launching free same-day delivery for its Prime members in Toronto and Vancouver as the busy holiday shopping season is fast approaching. Starting Tuesday, the online retailer will offer free same-day deliveries on orders over $25 of one million items in Toronto and 700,000 items in Vancouver. These items ranges from everyday household goods to toys, electronics and luggage. Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its first-quarter profit rose 6 percent from a year ago, driven largely by higher revenues. Shares of the company slipped over 6 percent in the after-hours trading, hurt by weak futures orders. Beaverton, Oregon-based... Germany, a clean-power trendsetter country, is planning to introduce hydrogen powered trains. The environment friendly "Coradia iLint" long distance passenger hydrails are expected to be operational by the end of 2017.
comments powered by Disqus
Follow RTT