Bloomberg News

SanDisk Cuts First-Quarter Sales Forecast, Citing Weaker Demand

April 03, 2012

SanDisk Corp. (SNDK:US), the biggest maker of flash-memory cards, cut its forecast for first-quarter sales, citing weaker-than-expected pricing and demand.

Revenue in the quarter that ended April 1 will be about $1.2 billion, compared with an earlier forecast for $1.3 billion to $1.35 billion. Shares fell in late trading, after the announcement by Milpitas, California-based SanDisk.

To contact the reporter on this story: Tom Giles in San Francisco at tgiles5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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Companies Mentioned

  • SNDK
    (SanDisk Corp)
    • $103.46 USD
    • -0.80
    • -0.77%
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