SNDK after close??

Discussion in 'Stocks' started by kowboy, Oct 19, 2006.

  1. kowboy


    Can someone explain why Sndk is trading lower after after hours, announcing revenues of $751.4 mil y/y third quarter, vs $730.4 mil consensus estimate, and earnings $.61 vs $.57 y/y third quarter consensus estimate, which is $.04 better than estimate?

  2. gimp570


    more sellers than buyers
  3. kowboy


    Never mind, I found the answer. Average price per megabyte sold fell 25% from the second quarter. More than analysts expected.

  4. Nope.

    Right now there is an incredible amount of bearishness in the sector. Good news or bad news, it will sell off. This appears to be a continuation from the summer. If its good news, then everyone believes that its as good as it can get.

    I cant wait until October is over. Maybe we will start to see more bullishness.