SanDisk Q1 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - SanDisk Corp. (SNDK) Wednesday reported first-quarter net income of $269 million or $1.14 per share, up from $166 million or $0.68 per share in the same period last year.

Adjusted earnings for the quarter was $330 million or $1.44 per share, compared to $207 million, or $0.84 per share in the prior year quarter. On average, 29 analysts polled by Thomson Reuters expected the company to earn $1.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 13 percent to $1.51 billion from $1.34 billion last year, while 30 analysts expected revenues of $1.49 billion.