Sandisk Corp. Q4 Profit Retreats 13%

(RTTNews) - Sandisk Corp. (SNDK) released earnings for fourth quarter that retreated compared to the same period last year.

The company said its bottom line fell to $256.92 million, or $1.26 per share. This was down from $293.95 million, or $1.30 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.5% to $1.54 billion. This was down from $1.74 billion last year.

Sandisk Corp. earnings at a glance:

-Earnings (Q4): $256.92 Mln. vs. $293.95 Mln. last year. -Earnings Decline (Y-o-Y): -12.6% -EPS (Q4): $1.26 vs. $1.30 last year. -EPS Decline (Y-o-Y): -3.1% -Analysts Estimate: $0.89 -Revenue (Q4): $1.54 Bln vs. $1.74 Bln last year. -Revenue Change (Y-o-Y): -11.5%