Microchip Technology (MCHP) reported fiscal Q4 non-GAAP earnings late Thursday of $0.11 per diluted share, down from $0.57 a year earlier.

Analysts polled by FactSet expected $0.10.

Net sales in the quarter ended March 31 were $970.5 million, down from $1.33 billion a year earlier.

Analysts surveyed by FactSet expected $962.6 million.

For Q1, the microcontrollers company is projecting adjusted EPS of $0.18 to $0.26 on revenue of $1.02 billion to $1.07 billion. Analysts are looking for $0.15 and $980 million, respectively.

Microchip Technology Thursday night declared a quarterly dividend of $0.455 per share, unchanged from the prior quarter and payable on June 5 to stockholders of record on May 22.

The company's shares were up nearly 5% in recent after-hours activity.