EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (180)	7/24/2000 2:22:40 AM
From: 2MAR$	Read Replies (1) of 762

7/19...SNDK..SanDisk blows away estimates --9:36 am - By Michael Baron SanDisk Corp. (SNDK: news, msgs) is surging 10 1/32, or 16.7 percent, to 70 1/32. The Sunnyvale, Calif., provider of flash memory products reported second-quarter earnings of $24.3 million, or 33 cents a share, up from last year’s profit of $5.7 million, or 10 cents a share, and well ahead of First Call’s average estimate of 22 cents a share. Revenue rose 174 percent in the latest three months to $143.9 million from $52.5 million in the same period a year earlier. The company attributed the stellar growth to increased revenues from CompactFlash and MultiMediaCard products and higher license and royalty revenues. SanDisk said it expects its markets to remain supply constrained and the pricing environment for its products to remain benign over the next several quarters.

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