SanDisk Lowers Q4 Revenue Outlook - Quick Facts

(RTTNews) - Flash memory card maker SanDisk Corp. (SNDK) on Monday provided provided preliminary revenue results for its fourth fiscal quarter ended December 28, 2014.

For the fourth quarter, San Disk estimates total revenue of about $1.73 billion, lower than its previously forecast revenue range of $1.80 billion to $1.85 billion. On average, twenty eight analysts polled by Thomson Reuters expected the company to report revenues of $1.84 billion for the quarter. Analysts' estimates typically exclude special items.

The company attributed the lower revenue primarily due to weaker than expected sales of retail and iNAND products.

SanDisk projects adjusted gross margin for the fourth quarter to be about 45 percent, compared to its previous forecast range of 47 percent to 49 percent.

SanDisk will publish its fourth-quarter fiscal 2014 financial results on Wednesday, January 21, 2015.