said it expects sales in its first quarter to exceed analysts' expectations, sending the stock up more than 6% in premarket trading.
The flash memory company expects sales to exceed the high end of its previous guidance, which called for $140 million to $170 million. Analysts surveyed by Thomson First Call were expecting sales of $156.9 million in the quarter.
M-Systems said first-quarter earnings, excluding items, will top its previous guidance for 16 cents a share. Analysts were expecting earnings of 21 cents a share, on average.
The stock jumped $1.71, or 6.5%, to $27.90 in premarket trading.