The Zhitong Finance App learned that although SanDisk (SNDK.US) announced better-than-expected results and performance guidelines and announced a stock split, investors seemed to have higher expectations for the memory chip company, causing the stock to fall by more than 8% before the market (as of press release) on Friday. However, Wall Street analysts are still positive about SanDisk's latest results and promise to return excess cash to shareholders, even though some analysts have lowered their target price for the stock.

The Zhitong Finance App learned that although SanDisk (SNDK.US) announced better-than-expected results and performance guidelines and announced a stock split, investors seemed to have higher expectations for the memory chip company, causing the stock to fall by more than 8% before the market (as of press release) on Friday. However, Wall Street analysts are still positive about SanDisk's latest results and promise to return excess cash to shareholders, even though some analysts have lowered their target price for the stock.