SanDisk posts sharp fall in Q4 profit

Thursday 22 January 2015 | 10:57 CET | News
SanDisk reported a sharp fall in fourth-quarter net profit, to USD 202 million from USD 338 million, saying it was impacted by supply constraints. Revenues were slightly higher year-on-year and down 1 percent sequentially to USD 1.74 billion, in line with the company's warning earlier this month for weaker sales. Adjusted EPS fell to USD 1.30 from USD 1.71 in the year-earlier period. Sandisk said it was disappointed with the Q4 results, but it made progress in the past year in shifting its portfolio towards more high-value products. The company expects improved results in the course of 2015,

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Categories: IT / Mobile & Wireless
Companies: SanDisk
Countries: World
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