Wall Street Breakfast Podcast: Sandisk Beats, Shares Slip
Sandisk reported a significant year-over-year revenue increase in Q3, surpassing estimates, though its shares declined despite the strong performance. Apple exceeded revenue and earnings expectations in Q2, announcing a dividend hike and a $100 billion share buyback. Blue Owl Capital sold half of its SpaceX stake at a $1.25 trillion valuation, securing a substantial return while maintaining a stake in the private company.
- ▪Sandisk's Q3 revenue reached $5.95 billion, a 252% year-over-year increase, well above analyst estimates.
- ▪Apple reported Q2 revenue of $111.18 billion and earnings per share of $2.01, both surpassing consensus forecasts.
- ▪Apple increased its quarterly dividend by 4% and authorized a $100 billion share repurchase program.
- ▪Blue Owl Capital sold half of its SpaceX stake at a $1.25 trillion valuation, achieving a 10x return on its investment.
- ▪Roblox shares dropped 23% in premarket trading following weaker-than-expected Q1 revenue and bookings.
Opening excerpt (first ~120 words) tap to expand
{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://seekingalpha.com/article/4897340-wall-street-breakfast-podcast-sandisk-beats-shares-slip"},"author":{"@type":"Person","name":"Wall Street Breakfast","url":"https://seekingalpha.com/author/wall-street-breakfast"},"publisher":{"@context":"http://schema.org","@type":"Organization","address":{"@type":"PostalAddress","streetAddress":"244 5th Ave","addressLocality":"New York","addressRegion":"NY","postalCode":"10001","addressCountry":"US"},"alternateName":["SeekingAlpha","SA"],"brand":[{"@type":"Brand","name":"Seeking Alpha Premium","url":"https://seekingalpha.com/subscriptions/premium"},{"@type":"Brand","name":"Seeking Alpha…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Seeking Alpha.
Discussion
0 commentsMore from Seeking Alpha
