SanDisk reported a blowout quarter after the ball, surpassing even the highest of analyst expectations. Analysts had estimated that the company earn $1.05 per share with the high estimate being $1.24 per share. Sandisk reported $1.30 per share on strong sales figures of $1.24 billion - in line with analyst estimates.
SanDisk designs flash memory modules for data storage. Its popular SD cards are used in a variety of smartphones, cameras, and computers. SanDisk also makes the flash memory used in fast-selling Apple products such as the iPad.
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