(Reuters) - SanDisk Corp reported a better-than-expected adjusted quarterly profit, helped by higher sales of memory chips used in Apple Inc's iPhones and solid-state hard drives.
However, SANDISK (SNDK.NQ)s net income fell to $262.7 million, or $1.09 per share, in the quarter ended Sept. 28 from $276.9 million, or $1.18 per share, a year earlier, due to higher expenses.
The company's expenses rose 9 percent mainly due to restructuring and an acquisition.
Excluding item, SanDisk earned $1.45 per share.
Revenue rose 7 percent to $1.75 billion.
Analysts on average had expected a profit of $1.33 per share and revenue of $1.77 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Soham Chatterjee in Bangalore; Editing by Kirti Pandey)
