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Market Update : 
SanDisk Declines on Quarterly Loss
Author: Elena Todorova
123jump.com
Last Update: 11:32 AM EDT April 27 2007



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Sandisk dropped 2.2% after it posted a Q1 loss as prices for its main products fell. The company reported net loss of $575,000 compared with net income of $35.1 million, or 17 cents per share a year ago, missing estimate of earnings of 18 cents a share before special items. Revenue rose 26% to $786 million.

 

 

 

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