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Updated from 4:51 p.m. EST
SanDisk(SNDK Quote) surpassed Wall Street expectations Thursday, boosting its sales 37% as consumers continued to snap up the company's flash memory products.
But the company's plans to aggressively cut prices may have given some investors the jitters. Shares of SanDisk plunged 12.2%, or $8.63, to $62.05 in extended trading.
The Sunnyvale, Calif., company earned $134 million or 68 cents a share, on $751 million in sales for the quarter ending Jan. 1. SanDisk had sales of $549 million in the year-ago period. ...
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