SanDisk (SNDK) guides on its Q2 earnings call for Q3 revenue of $1.15B-$1.25B - largely below a...

|By:, SA News Editor

SanDisk (SNDK) guides on its Q2 earnings call for Q3 revenue of $1.15B-$1.25B - largely below a consensus of $1.22B, but better than many feared in light of weak NAND flash memory prices. A gross margin of 26%-30% is expected, close to Q2's 28.3%, as cost reductions offset price declines. SNDK +12.4% AH. MU +3.7%.