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Robert W. Baird analyst Tristan Gerra said the "dismal" second-quarter results and third-quarter guidance "invalidate the thesis of a potential near-term rebound in SanDisk's shares." He now expects the company to post a net loss for another four quarters.
A SanDisk spokesman said the company does not comment on analyst comments, especially when they are projections.
The company said during the conference call it expects sales of $750 million to $850 million for the current quarter. This is well below the $1.09 billion that analysts polled by Thomson Financial are forecasting.
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