SanDisk shares fall 13.5% after earnings report despite 378% revenue surge
SNDK Sandisk Corp
$859.99 -2.99%
View chart & analysis → - 1SanDisk achieved strong revenue growth and margin expansion, recording a 378% revenue increase in the first fiscal quarter.
- 2SanDisk shares fell 13.5% on the trading day following the first fiscal quarter earnings release on October 29.
- 360% of the revenue growth was driven by increased volume.
So what's the key point?
SanDisk achieved significant growth with revenue increasing by 378%. However, the stock price fell 13.5% after the earnings announcement.
Source The Motley Fool +1 · View original ↗
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