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Sandisk 4Q Earnings Top Estimates

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  • Description

    FBN’s Adam Shapiro breaks down Sandisk’s fourth-quarter earnings results.

  • Duration 0:50
  • Date

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I'm Adam severe winter -- business -- SanDisk shares are jumping in extended trading after reporting fourth.

Record results earnings per share for the company blew away estimates.

At a dollar time -- industry is expecting 76 cents revenue.

In line with expectations one point five -- dollars earnings per share for Western Digital also -- forecasts to two dollars and nine cents analysts were expecting a dollar 82.

Revenue came in better than expected three point eight billion dollars.

Wall Street bankers are pushing deals in the financial services sector that's what they're telling our own Charlie Gasparino.

These bankers say low interest rates and the Dodd-Frank cause will spark a frenzy of possible deal making among banks.

The source tells Gasparino regional banks like suntrust PNC Regions Financial.

Could be sold and merged and that's the latest from the Fox Business Network giving you the power to prosper.

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