SanDisk Provides Business Update for 4FQ14
Revenue at $1.73 billion, lower than $1.80 billion to $1.85 billion forecasted
This is a Press Release edited by StorageNewsletter.com on January 14, 2015 at 6:17 pmSanDisk Corporation provided preliminary revenue results for its fourth fiscal quarter ended December 28, 2014.
The company estimates total revenue to be approximately $1.73 billion, lower than the previously forecasted revenue range of $1.80 billion to $1.85 billion.
The lower revenue was primarily due to weaker than expected sales of retail and iNAND products.
Non-GAAP gross margin for the fourth fiscal quarter is expected to be approximately 45% compared to the previously guided range of 47% to 49%.
On January 21, 2015, SanDisk will publish its fourth quarter fiscal 2014 financial results.
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