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Home›Earnings›Previews›Sandisk shares fall after revenue forecast misses expe…

Sandisk shares fall after revenue forecast misses expectations

The midpoint of Sandisk’s revenue forecast came in below analysts’ models, pointing to weaker-than-anticipated performance.

Reported · Written up by our desk · Previews

Sandisk shares fell after the company issued a revenue forecast that did not meet investors’ expectations, MarketWatch reports.

According to the outlet, the midpoint of the forecast was below what analysts had been modeling.

The lower-than-expected revenue outlook drove the decline in the stock as investors reassessed expectations for the company’s near-term results.

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Sources

MarketWatchSandisk’s stock falls as the company’s forecast doesn’t live up to high expectations
MarketWatchSandisk’s stock falls as the company’s forecast doesn’t live up to high expectations

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