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SanDisk earnings beat targets on revenue gain
SanDisk Corp. reported better-than-expected sales and earnings for the second quarter on Thursday afternoon, thanks to strong demand for its flash memory products. For the quarter ended June 30, SanDisk (SNDK) reported net income of $248 million, or $1.02 a share, compared to net income of $258 million, or $1.08 a share, for the same period the previous year. Earnings on a non-GAAP basis came in at $278 million, or $1.14 a share, for the recent period. Analysts were expecting earnings of 99 cents a share on revenue of $1.34 billion, according to consensus estimates from FactSet Research.
As of 7-22-2011
SanDisk earnings beat targets on revenue gain
SanDisk Corp. reported better-than-expected sales and earnings for the second quarter on Thursday afternoon, thanks to strong demand for its flash memory products. For the quarter ended June 30, SanDisk (SNDK) reported net income of $248 million, or $1.02 a share, compared to net income of $258 million, or $1.08 a share, for the same period the previous year. Earnings on a non-GAAP basis came in at $278 million, or $1.14 a share, for the recent period. Analysts were expecting earnings of 99 cents a share on revenue of $1.34 billion, according to consensus estimates from FactSet Research.
As of 7-22-2011
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