SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Earnings: Semiconductor
INTC 37.67+1.1%9:51 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: 2MAR$ who wrote (28)7/29/2001 11:32:24 PM
From: 2MAR$   of 266
 
SNDK ( $25-$22-$23) Q2 loss exceeds forecast, sees Q3 loss of 15 cts

SUNNYVALE, Calif, July 18 (Reuters) - Flash memory chip maker, Sandisk Corp. (NasdaqNM:SNDK - news) on Wednesday posted a larger-than-expected second-quarter loss and said its third-quarter loss would also be steeper than expected.

Sandisk said total second-quarter revenues fell 26 percent, to $107.1 million from $143.9 million in the second quarter of 2000. Product revenues declined 28 percent, from $122.6 million, in the same period of the prior year due to a 44 percent decline in average unit selling prices, partially offset by an increase in unit sales of 16 percent.

Net loss in the second quarter of 2001 was $10.0 million, or 15 cents per share, including inventory write-down and equipment write-off charges of $30.7 million.

The second quarter 2001 net loss compares to earnings of $24.3 million, or 33 cents a share in the year-ago quarter.

The company said net losses from operations for the third quarter is currently estimated to be between 10 and 15 cents a share. Analysts polled by Thomson Financial/First Call had projected the company to post a loss of six cents in the second quarter and three cents in the third quarter.

Email this story
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News