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The Boston Globe

Business

SanDisk shares climb after profit beats analysts’ estimates

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SanDisk, a maker of flash memory for mobile devices, rose the most in more than two years after second-quarter profit topped analysts’ estimates. Profit was 21 cents a share, the Milpitas, Calif.-based company said. Analysts had predicted 18 cents. SanDisk had warned in April that flash-chip production was outpacing demand, causing prices to fall.

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