SanDisk (SNDK): Q4 EPS of $1.29 beats by $0.03. Revenue of $1.58B (+19% Y/Y) in-lineThe in-line revenue figure appears to have disappointed those whose hopes were raised by Apple's results and other positive datapoints. Gross margin was 42.9%, down 140 bps Q/Q and 80 bps Y/Y thanks to early-quarter weakness in NAND flash pricing. Guidance is likely to be provided during SanDisk's earnings call SanDisk (SNDK) guides on its earnings for Q1 revenue of $1.3B-$1.35B and 2012 revenue of $6.2B-$6.6B; below a consensus of $1.46B and $6.65B. In addition, the flash memory giant forecasts a Q1 gross margin of 39%-42%, below a Q4 level of 42.9%, and forecasts 2012 capex $1.1B-$1.6B. Shares now -8.4% AH.
SanDisk (SNDK) resistance level is $52 and support level is $45.
SanDisk (SNDK) resistance level is $52 and support level is $45.
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