Sandisk Corp. (SNDK) Misses Q1 EPS by 4c

Sandisk Corp. (NASDAQ: SNDK) reported Q1 EPS of $0.62, $0.04 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.31 billion.

NEWS HIGHLIGHTS

• SanDisk launched a new category of “Big Data Flash” with the launch of the InfiniFlashTM System, a next generation storage platform offering flash at massive scale and at a breakthrough cost metric for the customer.
• SanDisk announced its 48-layer, second-generation 3D NAND planned for use in a broad range of solutions from removable products to enterprise SSDs.
• SanDisk introduced iNAND® 7132, a 1Y-nanometer 3-bit-per-cell (X3) embedded storage solution for flagship mobile devices. The iNAND 7132 storage solution uses SmartSLC to drive near single-level-cell performance for high-performance, data-intensive applications.
• SanDisk introduced the 200GB* SanDisk Ultra® microSDXC™ UHS-I card, the world’s highest capacity microSDTM card for use in mobile devices.
• SanDisk introduced a suite of robust, automotive grade NAND flash solutions designed for next-generation ‘connected cars’ and automotive infotainment systems.
• SanDisk announced today a second quarter 2015 dividend of $0.30 per share of common stock, payable on May 26, 2015 to stockholders of record as of the close of business on May 4, 2015.

For earnings history and earnings-related data on Sandisk Corp. (SNDK) click here.

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