Optical components shop Oplink ( OPLK) skidded late Tuesday after the company guided down second-quarter results and said a previously announced acquisition won't go through.

The company expects to lose 1 cent or 2 cents a share on revenue of $8.0 million to $8.1 million in the three months to Jan. 2. Analysts surveyed by Thomson First Call had been hoping for bottom-line break-even on sales of $9.0 million.

The company blamed a sales decline among certain customers as a result of manufacturing-related problems at its China facilities. It says the problems have been fixed.

Oplink said its previously announced acquisition of EZconn has been terminated due to "recent market changes." Oplink will collect a $2 million termination fee.

The stock fell 11 cents, or 7%, to $1.47 after hours.

More from Technology

What the Trade Truce Means for the Markets

What the Trade Truce Means for the Markets

Facebook to Expand and Invest More in Its Watch Video Platform

Facebook to Expand and Invest More in Its Watch Video Platform

Amazon Stock Falls Into Its Buy Zone Ahead of a Santa Claus Rally

Amazon Stock Falls Into Its Buy Zone Ahead of a Santa Claus Rally

Apple Rises Despite Price Target Cut by Piper Jaffray

Apple Rises Despite Price Target Cut by Piper Jaffray

Apple to Spend $1 Billion on New Campus in Austin, Texas

Apple to Spend $1 Billion on New Campus in Austin, Texas