Oct 18 (Reuters) - SanDisk Corp’s third-quarter results topped analysts’ expectations, helped by a rebound in flash memory prices.
SanDisk earned $77 million, or 31 cents per share, in the three months ended Sept. 30, on revenue of $1.27 billion.
Excluding items, it earned 48 cents a share.
Analysts on average were expecting a profit of 33 cents per share on revenue of $1.22 billion, according to Thomson Reuters I/B/E/S.
SanDisk makes NAND chips used in smartphones, cameras and tablets to store data such as movies and photos.
The company’s shares closed down 3.3 percent at $42.86 on Thursday on the Nasdaq.