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SanDisk Lowers Q4 Revenue Estimates

SanDisk Lowers Q4 Revenue Estimates

Enterprise & IT Jan 12,2015 0

SanDisk on Monday estimated fourth-quarter revenue below its forecast, citing lower revenue primarily due to weak sales of its retail products and iNAND storage chips. The company said it now expects revenue of $1.73 billion. It had previously forecast revenue of $1.80 billion-$1.85 billion.

SanDisk also lowered its adjusted gross margin estimate to about 45 percent.

On Wednesday, January 21, 2015, SanDisk will publish its fourth quarter fiscal 2014 financial results.

Tags: SanDisk
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