SanDisk Corp. (SNDK) reported first quarter non-GAAP net income of $0.84 per share after the bell Wednesday, up from $0.63 per share last year. Revenues increased by 11% to $1.34 billion. The consensus estimates were for EPS of $0.77 and revenues of $1.30 billion.
SanDisk gapped up slightly Thursday, but has since traded steadily to the downside. The stock is now down 2.66 at $53.06 and has fallen to a 1-month low.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.