SanDisk Q1 Lacks Luster, Shares Fall
SanDisk Corp.’s (NASDAQ:SNDK) first quarter 2012 adjusted earnings of 58 cents per share missed the Zacks Consensus Estimate by 3 cents. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense. Following the earnings release, the company’s shares plunged 13.76% in [...]
SanDisk Corp.’s (NASDAQ:SNDK) first quarter 2012 adjusted earnings of 58 cents per share missed the Zacks Consensus Estimate by 3 cents. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense.
Following the earnings release, the company’s shares plunged 13.76% in after-market trade as the earnings dropped a significant 41.1% from the year-ago level. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards