Xerox and 2 Tech Stocks Shaking Up Investors After Earnings
SanDisk Corp. (NASDAQ:SNDK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -24.07% to $213.54 million (87 cents per diluted share) in the quarter versus a net gain of $281.22 million in the year-earlier quarter. Revenue decreased 2.34% to $1.54 billion from the year-earlier quarter.
SanDisk Corp. reported adjusted net income of $1.05 cents per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $1.53 billion.