SanDisk Sales Forecasts Miss Estimates Amid Plan to Limit Supply
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SanDisk Corp., a maker of flash memory for mobile devices, gave sales forecasts for the first quarter and 2013 that fell short of analysts’ estimates as the company limits supply to avoid an industry glut.
Revenue in the current period will be $1.23 billion to $1.3 billion, the company said yesterday on a conference call. That’s less than the average analyst projection of $1.37 billion, according to data compiled by Bloomberg. For the year, sales will be $5.3 billion to $5.6 billion, while analysts on average had estimated revenue of $6 billion.