Bigger Earnings, Bigger Drop: The Sandisk Selloff Explained
Sandisk tops Q4 revenue at $8.97B, but SNDK stock slumps 10% premarket as analysts question if record profit margins can last.
Sandisk made more money than expected, but investors worry they might not keep making that much profit in the future, so the stock price dropped. When a company does really well but the stock goes down, it's worth watching to see if their business stays strong or if the worry was right.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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