Sandisk Stock Rises After Fiscal Q1, Stock Split

Memory chip maker Sandisk (SNDK) late Thursday beat analyst estimates for its fiscal first quarter and its outlook for the fiscal second quarter. He also announced an eight-for-one stock split. Sandisk shares wobbled during extended trading. The Milpitas, Calif.-based company earned an adjusted $49.51 per share on revenue of $11.03 billion in the quarter ended Oct. 2. Analysts surveyed by FactSet had…