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SanDisk (SNDK) +2.7% AH after resuming trading in the wake of its big Q3 beat. Surging volumes...

SanDisk (SNDK) +2.7% AH after resuming trading in the wake of its big Q3 beat. Surging volumes (no doubt related to strong smartphone/tablet demand) allowed gross margin to rise 270 bps Q/Q to 31%, though it fell 1330 bps Y/Y. SanDisk claims it "gained share across all major geographies" (no specifics about which products). Guidance should be provided during the earnings call, which starts at 5PM ET (webcast). Rival Micron (MU) is up slightly. (PR)

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Comments (1)
  • QuantRec
    , contributor
    Comments (438) | Send Message
     
    if it was such a 'big beat' it would only go up just 2.7% ???
    18 Oct 2012, 05:30 PM Reply Like
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