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SanDisk posts 37% profit increase

As the obvious need for taking data from point A to point B becomes more obvious, so does the profits for SanDisk.

SAN FRANCISCO (MarketWatch) — SanDisk Corp. on Monday reported a fiscal second-quarter profit that rose 37% from a year ago as the maker of flash-memory products sold more than 15 million memory cards for use in mobile devices.

SanDisk said that it earned $96 million, or 47 cents a share, compared with $70 million or 37 cents a share in the year-ago quarter. Revenue climbed almost 40% to $719 million from $514.9 million.

Excluding stock-option expenses and other one-items, SanDisk said that it would have earned $118 million, or 58 cents a share. By that measure, SanDisk beat the average estimate of analysts surveyed by Thomson First Call, which forecast a profit of 44 cents a share on $689 million in revenue…. Source: MarketWatch

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