SanDisk Beats Estimates, Raises Outlook and Sets 8-for-1 Stock Split
SanDisk reported fiscal first-quarter revenue of $11.03 billion, up 23% sequentially and above the $10.7 billion Wall Street expectation, and raised its outlook. The company also set an 8-for-1 stock split.
SanDisk Corp. (SNDK, Financials), the flash-memory and storage company, topped fiscal first-quarter expectations as data-center demand strengthened and memory pricing remained favorable.Revenue of $11.03 billion was up 23% sequentially and above the Wall Street expectation of $10.7 billion.Non-GAAP…