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SanDisk reported fiscal fourth-quarter revenue of $8.97 billion, but its first-quarter outlook missed Wall Street expectations
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SanDisk reported fiscal fourth-quarter revenue of $8.97 billion and adjusted earnings of $39.25 per share, but the stock fell after the company's guidance for the current quarter came in below analyst expectations.
Shares slid roughly 9% before the opening bell Thursday, according to Barron's. In Wednesday's extended trading session, the stock was down 4.55% to $1,289.01, according to Benzinga.
