SanDisk's revenue rises as memory chip prices rebound
Oct 16 (Reuters) - SanDisk Corp reported a 28 percent rise in quarterly revenue, underscoring a strong recovery in flash memory chip prices from last year's lows.
Revenue rose to $1.63 billion in the third quarter from $1.27 billion a year earlier.
The company's net income rose to $277 million, or $1.18 per share, from $77 million, or 31 cents per share, a year earlier.
Excluding one-time items, earnings were $1.59 per share.
SanDisk's flash memory chips are used to store data such as movies and photos in smartphones, flash drives and tablets.