(Reuters) - BOSTON, July 19 - SanDisk Corp said on Thursday its quarterly profit tumbled 70 percent as the world's No. 1 maker of flash memory cards suffered amid sharp declines in the prices of its storage products.
Fiscal second-quarter net income fell to $28.5 million, or 12 cents a share, compared with $95.6 million, or 47 cents, in the year-earlier period. Revenue rose 15 percent to $827 million during the quarter, which ended July 1.
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Fiscal second-quarter net income fell to $28.5 million, or 12 cents a share, compared with $95.6 million, or 47 cents, in the year-earlier period. Revenue rose 15 percent to $827 million during the quarter, which ended July 1.
Read more at Reuters.com Market News
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