SanDisk Q2 Profit Surges - Quick Facts

(RTTNews) - SanDisk Corp. (SNDK) Wednesday reported second-quarter net income of $262 million or $1.06 per share, up from $13 million or $0.05 per share last year.

On an adjusted basis, second-quarter net income was $299 million or $1.21 per share, compared to $51 million or $0.21 per share last year. On average, 25 analysts polled by Thomson Reuters expected earnings of $0.93 per share for the first quarter. Analysts' estimates typically exclude special items.

Second-quarter revenues grew 43 percent to $1.48 billion from $1.03 billion last year. Analysts estimated revenues of $1.40 billion for the quarter.