Integrated Device Technology
said it missed its first-quarter sales target due to broad weakness.
Shares of the San Jose, Calif.-based company dropped 6% after hours to $10.25 on Instinet late Wednesday, after closing the regular session at $10.94.
IDT said revenue for the quarter ended July 3 will be between $93.2 million and $94.2 million. Analysts had expected sales of $100 million and earnings of 7 cents a share.
The new sales target represents a sequential decline of 3% to 4% vs. an earlier projection of flat sales to growth of 4%.
IDT said it encountered "general weakness across most end markets other than enterprise, as well as unanticipated softness in distribution revenue."
Among end customers,
made up between 20% and 25% of IDT's fiscal 2005 sales, according to its annual report filed in June.
, IDT's major distributor, slipped 9 cents to $24.12 in after-hours trading, while its electronic manufacturing system partner,
, was off a penny to $13.69.
IDT will report results on July 28.