SanDisk Posts 3Q Profits off Higher Sales
October 20, 2009 by Mark Ellis
Filed under Business News
Memory device maker SanDisk Corp. has a posted a surprisingly strong third-quarter profit after experiencing a period of unexpectedly high sales and income from previously written-down inventories. While the market for memory products went through rough times at the height of the economic downturn, companies like SanDisk have been enjoying an upturn in demand for their products.
SanDisk’s results prompted an 11 percent rise in the company’s shares, sending the value up to $23.81 in after-hours trading following reassuring statements issued by the company concerning their prospects for the fourth quarter and beyond. SanDisk has also experienced a massive recovery since …read more
SanDisk Posts 2nd Qtr Profit, 3rd Qtr Gloom
July 22, 2009 by Mark Ellis
Filed under Business News
After four consecutive quarterly losses, SanDisk has managed a profit in its second quarter, surprising analysts and heartening others within the memory making industry. The company credits better pricing for turning SanDisk’s fortunes around, as well as an ideal proportion between supply and demand for the company.
However, SanDisk’s optimism has been checked by its pessimistic expectations for its third quarter. SanDisk’s range of revenue expectations for the current quarter is wholly under analyst expectations for the company and has confirmed that if prices for the company’s memory change, they will go down.
Because of SanDisk’s third-quarter outlook, the company’s shares fell …read more
Samsung interest sends SanDisk up 26% in pre-market
September 5, 2008 by Tisa Silver
Filed under Investing
I was up late last night searching for breaking to news to report…and perhaps profit from. :)
I saw a headline that Samsung, the Korean electronics giant, is pursuing an acquistion of SanDisk. SanDisk is a U.S. based computer memory card manufacturer and the world’s largest supplier of flash memory cards.
SanDisk was down over 4 percent yesterday but gained more than one percent back in after-hours trading. The article I saw was released around 10 PM EST, leaving plenty of time for the early birds to arrange their purchases.
And voila, shares of SanDisk are trading up 27.5 percent. Unfortunately for folks who adhere to normal trading hours, there …read more
