Reuters logo
SanDisk's revenue rises as memory chip prices bounce back
July 17, 2013 / 8:23 PM / 4 years ago

SanDisk's revenue rises as memory chip prices bounce back

(Reuters) - SanDisk Corp reported a 43 percent rise in quarterly revenue as prices of flash memory chips rebounded from last year’s lows.

An employee of a computer shop poses with a SanDisk compact flash memory card inside a computer mall in Taipei in this September 17, 2008 file photo. REUTERS/Nicky Loh

Revenue rose to $1.48 billion (972.85 million pounds) for the second quarter from $1.03 billion a year earlier.

Net income rose to $262 million, or $1.06 per share, from $13 million, or 5 cents per share a year earlier.

Excluding one-time items, earnings were $1.21 per share.

SanDisk’s flash memory chips are used to store data such as movies and photos in smartphones, flash drives and tablets.

Reporting by Neha Alawadhi in Bangalore; Editing by Sriraj Kalluvila

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below