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SanDisk Corp. (SNDK) Fell To A 7-Month Low On Q1 Earnings News

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SanDisk Corp. (SNDK: Quote) reported first quarter adjusted net income of $0.63 per share after the bell Thursday, down from $1.03 per share last year. The consensus estimate was for EPS of $0.70.

SanDisk Corp. gapped open sharply lower Thursday, but traded in a range for the majority of the session. The stock closed down by 4.56 at $35.91 on the highest volume of the year. SanDisk has been falling for nearly 3 weeks and set over a 7-month low.

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by RTT Staff Writer

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