SanDisk's quarterly revenue tops expectations
SAN FRANCISCO Jan 23 (Reuters) - Chipmaker SanDisk Corp's fourth-quarter revenue topped analysts' expectations, helped by strong growth in solid-state drives.
SanDisk earned $214 million, or 87 cents per share, in the December quarter, on revenue of $1.54 billion. Excluding items, it earned $1.05 a share.
Analysts on average were expecting revenue of $1.526 billion, according to Thomson Reuters I/B/E/S.
SanDisk makes NAND chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos.
The company's shares were flat in extended trade after closing down 0.63 percent at $47.65 on Nasdaq.
- Malaysia Airlines plane missing at sea off Vietnam, presumed crashed |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- Fresh confrontations raise tempers on ground in Crimea |