Enviado: 20/10/2005 23:37SNDK apresentou excelentes resultados. Esta a subir no After 18% - 54,77 
The company earned $107.5 million, or 55 cents per share, up 98.6 percent from $51.4 million, or 29 cents per share, in the year-ago period.
Revenue for the quarter ended Oct. 2 was $589.6 million, up 44.5 percent from about $408 million a year ago.
Analysts polled by Thomson Financial had expected earnings of 35 cents per share on sales of $523.8 million.
Product gross margin jumped to 37% from 29% in the year-ago quarter and 34% in the latest second quarter.
The company said profit was fueled by strong demand for its products. "We are particularly encouraged by the excellent adoption of our cards in music-enabled mobile phones that require high capacity cards," said Chief Executive Eli Harari, in a statement.
Harari added that demand for the company's NAND flash memory cards continues to grow and is currently outpacing supply, and SanDisk, along with partner Toshiba Corp., is accelerating production to meet strong anticipated fourth-quarter demand.
The company's revenue from license and royalties was $60 million, up 40 percent from the year-ago period.
Regarding the Matrix acquisition, SanDisk said the bulk of the purchase price, about $238 million, will consist of newly issued SanDisk shares and equity incentives and the remaining $12 million will be cash.
SanDisk said Matrix's three-dimensional memory technology is used in applications that do not require multiple rewrites, and where low cost is important, such as video games, music or archiving.
The company expects to complete the transaction by the end of the year.
© 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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The company earned $107.5 million, or 55 cents per share, up 98.6 percent from $51.4 million, or 29 cents per share, in the year-ago period.
Revenue for the quarter ended Oct. 2 was $589.6 million, up 44.5 percent from about $408 million a year ago.
Analysts polled by Thomson Financial had expected earnings of 35 cents per share on sales of $523.8 million.
Product gross margin jumped to 37% from 29% in the year-ago quarter and 34% in the latest second quarter.
The company said profit was fueled by strong demand for its products. "We are particularly encouraged by the excellent adoption of our cards in music-enabled mobile phones that require high capacity cards," said Chief Executive Eli Harari, in a statement.
Harari added that demand for the company's NAND flash memory cards continues to grow and is currently outpacing supply, and SanDisk, along with partner Toshiba Corp., is accelerating production to meet strong anticipated fourth-quarter demand.
The company's revenue from license and royalties was $60 million, up 40 percent from the year-ago period.
Regarding the Matrix acquisition, SanDisk said the bulk of the purchase price, about $238 million, will consist of newly issued SanDisk shares and equity incentives and the remaining $12 million will be cash.
SanDisk said Matrix's three-dimensional memory technology is used in applications that do not require multiple rewrites, and where low cost is important, such as video games, music or archiving.
The company expects to complete the transaction by the end of the year.
© 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back to Recent News
MSN Money
