SNDK SanDisk beats by $0.21, beats on revs (50.23 +1.16)
Reports Q3 (Sep) earnings of $0.54 per share, excluding non-recurring items, $0.21 better than the Reuters Estimates consensus of $0.33; revenues rose 38.0% year/year to $1.04 bln vs the $0.93 bln consensus. CEO says, "We are very pleased with our third quarter results. Demand was exceptionally strong in international retail, following our strategy to aggressively expand our business outside of North America. In the mobile phone market we sold a record 42 million units, reinforcing the enormous global opportunity which is unfolding. USB revenues also contributed significantly to our growth in the quarter. Gross margins and the pricing environment improved substantially and excellent execution at Fab 3 allowed us to respond to the surge in customer demand. We expect demand to remain strong through the fourth quarter holiday season although we may not be able to meet 100% of the deman
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