Tags: sandisk | chip

SanDisk Shares Slide as Sales Forecast Falls Short

Thursday, 19 Apr 2012 08:22 PM

Shares of SanDisk Corp., which makes memory chips used in mobile devices, declined as much as 10 percent in extended trading Thursday after the company gave a second-quarter sales forecast that fell short of some analysts’ estimates.

The Milpitas, California-based company said revenue will decline to about $1 billion, plus or minus $50 million. Analysts on average had estimated sales of $1.28 billion, according to data compiled by Bloomberg.

SanDisk shares, which had fallen less than 1 percent to $40.47 at the close in New York, traded as low as $36.44 in late trading.

© Copyright 2017 Bloomberg News. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved