NEW YORK (TheStreet) -- Shares of SanDisk Corp. (SNDK) are declining 0.08% to $75.73 in late morning trading on Wednesday ahead of the data storage manufacturer's 2016 first quarter financial report, due out after today's closing bell.
The Milpitas, CA-based company is expected to report a year-over-year decline in earnings per share and revenue this afternoon.
Wall Street is anticipating earnings of 55 cents per share on revenue of $1.21 billion for the latest quarter.
Last year, SanDisk posted a profit of 62 cents per share on revenue of $1.33 billion for the 2015 first quarter.
Today's quarterly report may be one of SanDisk's last reports as an independent company before the acquisition by Western Digital Corp. (WDC) is completed in the second quarter. The transaction is still pending regulatory approval in China.
Separately, SanDisk has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's deteriorating net income, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: SNDK
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