SanDisk ( SNDK) soared past analysts' second-quarter expectations on both the top and bottom lines late Monday, sending investors flocking to the shares. The stock topped the volume list in early after-hours trading on Instinet, skyrocketing 14.4% to $46. During the regular session, the stock rose 7.2%, or $2.69, to close at $40.20. SanDisk earned $95.6 million, or 47 cents a share, rising from $70.5 million, or 37 cents a share, in the year-ago quarter. Excluding certain items like stock-based compensation expenses, the flash storage-card supplier earned $117.6 million, or 58 cents a share, up from $70.5 million, or 37 cents a share, in the second quarter of 2005. On that basis, SanDisk plowed past the anticipated average of 44 cents a share. The company also beat on the top line, posting revenue of $719.2 million, jumping 40% year over year from $514.9 million. The consensus from Thomson First Call was $688.5 million in sales for the quarter. The company said it had a strong quarter in both its OEM and retail business. "Mobile cards sold into handsets were the star performer with more than 15 million cards sold in the quarter," Eli Harari, SanDisk CEO, said in a statement. "We are optimistic about growth in demand in our target markets in the second half, and with Fab 3 costs steadily declining and our captive capacity ramping, we believe we are well positioned for the anticipated demand upswing in the back half of this year." The company did not immediately release its third-quarter guidance. For the September quarter, analysts have forecast and EPS of 58 cents on sales of $791.9 million.