Shares of Aliso Viejo-based QLogic Corp. fell 5.3% on Wednesday a day after reporting disappointing results for the December quarter and warning about the current one.
QLogic’s sales of $157.6 million and net income of $35 million for the December quarter both fell short of Wall Street’s expectations.
The maker of adapters and switches for data storage networks also said it sees sales of $147 million to $153 million for the current quarter. Analysts had expected revenue of $155.8 million.
QLogic also sees profits coming in at the lower end of expectations.
