SanDisk cuts first quarter revenue outlook, shares fall
Flash memory supplier SanDisk Corp cut its first-quarter revenue outlook, citing weaker-than-expected demand and lower pricing, sending its shares down 7 percent in after-market trading.
The company expects first-quarter revenue of $1.2 billion, down from prior forecast of $1.30 billion to $1.35 billion.
(Reporting by Himank Sharma in Bangalore)
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