Earnings miss lofty expectations triggers selloff! SanDisk (SNDK.US) gets contrarian Wall Street support: strong data center demand underpins growth outlook.

Zhito Finance APP has learned that although SanDisk (SNDK.US) reported stronger-than-expected results and guidance and announced a stock split, investors appear to still have higher expectations for this memory chip company, causing the stock to fall more than 8% in U.S. premarket trading on Friday (as of publication). However, Wall Street analysts still affirmed SanDisk's latest results and its commitment to returning excess cash to shareholders, although some analysts lowered their price targets for the stock.