MILPITAS (dpa-AFX) - SanDisk Corp. (SNDK) Thursday reported third-quarter net income of $77 million or $0.31 per share, down from $233 million or $0.96 per share last year.
On an adjusted basis, third-quarter net income dropped to $118 million or $0.48 per share from $292 million or $1.20 per share last year. On average, 22 analysts polled by Thomson Reuters expected earnings of $0.33 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter totaled $1.27 billion compared to $1.42 billion last year. Analysts estimated revenues of $1.22 billion for the quarter.
Copyright RTT News/dpa-AFX
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