24/7 Wall St.
02-02-2009, 05:40 PM
24/7 Wall St. Daily News
http://www.247wallst.com/images/2009/02/02/r218533_855025.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2009/02/02/r218533_855025.jpg)SanDisk reported Q4 net loss of $1.86 billion, or $8.25 a share, compared with a net profit of $106 million, or $.45 in the same period a year ago.. Revenue was $863.9 million, down from $1.25 billion.
SNDK results included $1.91 billion in one-time expenses, including $1.02 billion for a combined pre-tax goodwill and intangible asset impairment charge. That made the adjusted net loss $1.65 a share. Analysts had expected Sandisk to post a net loss of $.60 a share, on revenue of $766.7 million, according to a consensus estimate by Thomson Reuters
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=le6J8i.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=le6J8i.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=Y5YB7N.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=Y5YB7N.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=awb7m3.q (http://feeds.feedburner.com/~f/typepad/RyNm?a=awb7m3.q)
complete story here... (http://www.247wallst.com/2009/02/tough-times-at.html)
http://www.247wallst.com/images/2009/02/02/r218533_855025.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2009/02/02/r218533_855025.jpg)SanDisk reported Q4 net loss of $1.86 billion, or $8.25 a share, compared with a net profit of $106 million, or $.45 in the same period a year ago.. Revenue was $863.9 million, down from $1.25 billion.
SNDK results included $1.91 billion in one-time expenses, including $1.02 billion for a combined pre-tax goodwill and intangible asset impairment charge. That made the adjusted net loss $1.65 a share. Analysts had expected Sandisk to post a net loss of $.60 a share, on revenue of $766.7 million, according to a consensus estimate by Thomson Reuters
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=le6J8i.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=le6J8i.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=Y5YB7N.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=Y5YB7N.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=awb7m3.q (http://feeds.feedburner.com/~f/typepad/RyNm?a=awb7m3.q)
complete story here... (http://www.247wallst.com/2009/02/tough-times-at.html)