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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.