SanDisk slips after earnings - strong quarterly results but guidance falls short of lofty expectations
SanDisk plunged about 10% in pre-market trading to roughly $1,215 after reporting a solid Q4 and high gross-margin guidance but setting Q1 revenue guidance slightly below Street consensus. The quarter delivered revenue of $8.97 billion, a 372% year-over-year increase, and gross margin guidance of 83-85%, yet the market reacted to the small revenue …