AUSTIN, Texas (AP) — Cirrus Logic Inc. , a supplier to Apple Inc. , said on Tuesday that net income in its fiscal third quarter fell 39 percent and predicted disappointing revenue in its January-to-March quarter. The chipmaker, whose products are used in smartphones, tablets and other devices, expects sales in the current quarter of $130 million to $150 million . Analysts predicted $173.8 million , according to a FactSet survey. Cirrus shares fell $1.04 , or 5.6 percent, to $17.70 in extended trading. They had closed down 4.5 percent to $18.74 in regular trading. The Austin, Texas -based company's profit in the quarter that ended on Dec. 28 was $41.5 million , or 63 cents per share, from $67.9 million , or 99 cents per share, in the same months in 2012. Cirrus said that excluding items such as the expense of stock-based compensation, its per-share earnings dropped to 89 cents from $1.64 . Analysts, who usually exclude such items, expected 77 cents per share. Revenue fell 29 percent to $218.9 million , above analysts' forecast of $213.3 million .
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