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00:02SanDisk reported third-quarter adjusted earnings of $23.41 per share on $5.95 billion in revenue,
00:12beating analyst estimates of $14.43 per share and $4.68 billion.
00:20Revenue rose from $1.7 billion in the same period last year, according to Benzinga.
00:25The company said results were driven by a mixed shift toward higher-value customers and higher pricing,
00:31with data center revenue up 233%.
00:34CEO David Goekeler said the quarter marked an inflection point as the company shifts toward higher-value end markets.
00:41SanDisk expects fourth-quarter adjusted earnings of $30 to $33 per share
00:46and revenue of $7.75 billion to $8.25 billion,
00:51above analyst estimates of $22.01 per share and $6.35 billion.
00:57Shares fell 7.53% to $1,015 in extended trading, according to data from Benzinga Pro.
01:04For all things money, visit Benzinga.com.
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