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$SNDK Q4 revenue was $8.965 billion, estimated at $8.394 billion Why did SanDisk's stock drop in response? 1. Earnings beat expectations = fulfilling already anticipated positive news 2. No new, bigger growth prospects given to the market. 3. Cyclical stock at a high level 4. "Just meeting expectations" is enough to trigger profit-taking. So yesterday's 1483 can be regarded as a recent rebound high point .