Cirrus Logic (CRUS) reported fiscal Q3 non-GAAP earnings late Tuesday of $2.51 per diluted share, down from $2.89 a year earlier.
Analysts surveyed by FactSet expected $2.04.
Net sales for the quarter ended Dec. 28 were $555.7 million, down from $619 million a year earlier.
Analysts surveyed by FactSet expected $510.3 million.
The company said it expects fiscal Q4 revenue of $350 million to $410 million. Analysts surveyed by FactSet expect $360.6 million.
Shares of Cirrus Logic were advancing 12% in after-hours trading.
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