SanDisk Stock Falls 7.96% After Hours as Memory Chip Company Crushes Earnings, but Analyst Says Investors Need a 'Leap of Faith'
SanDisk Corp. (NASDAQ: SNDK ) posted a fourth-quarter earnings beat on Wednesday, but investors remained unconvinced as cautious guidance and questions over how long the memory boom can last sent the stock sharply lower in after-hours trading. Analyst Sees Margin Questions Ahead Susquehanna ‘s Mehdi Hosseini said in an