investors are adjusting to slower growth in the NAND chip industry after years of explosive expansion.
The chipmaker earned $214 million, or 87 cents per share, in the December quarter, compared to $281 million, or $1.14 per share, in the year-ago period.
Revenue fell 2 percent year over year to $1.54 billion.
Analysts on average were expecting revenue of $1.526 billion in the fourth quarter.
Excluding items, it earned $1.05 a share. Analysts had expected earnings of 76 cents a share.
The company's shares fell 3.46 percent to $46.00 in extended trade, after closing down 0.63 percent on Nasdaq.