Sandisk Shares Fall 5.3% Before Results Filing as Revenue Rises 378% Year Over Year

Sandisk shares fell about 5.3% during regular trading Thursday, Oct. 29, before the company’s quarterly filing was accepted after the close, even as fiscal first-quarter revenue climbed 378% year over year. The SEC accepted Sandisk’s Form 8-K at 4:13:53 p.m. ET (20:13:53 UTC), 13 minutes and 53 seconds after the 4 p.m. close. The stock closed at about $1,330 and stood at $1,301.92 at 4:59:35 p.m. ET in after-hours trading. For the fiscal first quarter ended Oct. 2, Sandisk reported $11.031 billion in revenue, up 23% from the prior quarter.

Source: TokenPost