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Eshal fatima
$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#SandiskBeatAndBuyback #CircleArcLaunch #EarningsRealityCheck
