Linear Technology Corp. on Tuesday reported fiscal first-quarter earnings of $129.5 million.
On a per-share basis, the Milpitas, California-based company said it had profit of 53 cents.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The circuit maker posted revenue of $371.1 million in the period, also falling short of Street forecasts. Analysts expected $372.3 million, according to Zacks.
Linear has a chip factory in Camas, and told Clark County economic boosters last summer that it was close to announcing plans to build a second plant on the site. It's unclear if the slowdown will affect its plans.
Linear Technology shares have dropped 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. In the final minutes of trading on Tuesday, shares hit $39.03, a fall of slightly more than 2 percent in the last 12 months.
-- The Associated Press