Sandisk Q1 Profit Surges to $8.1 Billion as Revenue Jumps 377.9%

Sandisk Corp. (SNDK) reported first-quarter earnings of $8.101 billion, or $52.60 per share, up sharply from $112 million, or $0.75 per share, in the same period last year. Revenue for the quarter rose 377.9% to $11.031 billion from $2.308 billion a year earlier. Excluding items, the company posted adjusted earnings of $7.624 billion, or $49.51 per share. For the next quarter, Sandisk guided earnings per share to a range of $55.00 to $57.00 and revenue to $12.200 billion to $12.600 billion.