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 declined during the first 45 minutes of trade Thursday and slipped further around mid-afternoon. The stock ended the day lower by 3.70 at $52.02 on strong volume. SanDisk fell to over a 1-month low and dropped below its 50-day moving average.
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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.