Sandisk Corp. Earnings Decline 34% In Q3

(RTTNews) - Sandisk Corp. (SNDK) revealed a profit for third quarter that declined from last year.

The company said its profit declined to $223.06 million, or $1.09 per share. This was down from $335.50 million, or $1.45 per share, in last year's third quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 17.1% to $1.45 billion. This was down from $1.75 billion last year.

Sandisk Corp. earnings at a glance:

-Earnings (Q3): $223.06 Mln. vs. $335.50 Mln. last year. -Earnings Decline (Y-o-Y): -33.5% -EPS (Q3): $1.09 vs. $1.45 last year. -EPS Decline (Y-o-Y): -24.8% -Analysts Estimate: $0.80 -Revenue (Q3): $1.45 Bln vs. $1.75 Bln last year. -Revenue Change (Y-o-Y): -17.1%