Sandisk stock sinks as revenue forecast falls short of expectations
What happened: Sandisk (SNDK) stock sank 4% in after-hours trading on Wednesday. What’s behind the move: The flash memory and storage manufacturer issued revenue guidance for the company’s fiscal first quarter that came in below analyst expectations. The company expects Q1 revenue of $10.3 billion to $10.8 billion, versus estimates of $11.16 billion. Sandisk said … Read more