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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