SanDisk Revises Revenue Guidance, Stock Drops 18%

SanDisk?s stock plummeted by over 18% on Thursday, March 26 after the company announced that its Q1 revenues could be around $1.30 billion, lower than the previous guidance of about $1.40 billion. This would imply a 15% decline in revenues compared to the prior year quarter. Moreover, this was the second consecutive quarter when the company revised its expected revenues, the prior occasion being January this year. At the time, SanDisk reported weaker than expected sales for Q4?14 and revised exp...