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Sandisk Drops ~5%, Western Digital Falls ~7% in Premarket Trading Despite Strong Guidance

GateNews
Stocks

According to ChainCatcher and Gate market data, Sandisk (SNDK.O) dropped approximately 5% and Western Digital (WDC.O) fell around 7% in premarket trading today. Despite both companies delivering guidance that significantly beat expectations, analysts noted that strong earnings have already been fully priced in, with guidance lacking sufficient upside surprises.

Apple (AAPL.O) rose about 3% in premarket trading, buoyed by double-digit revenue growth in China last quarter, record iPhone revenue for the period, and unexpectedly strong revenue guidance for the current quarter.

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