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The shares fell as the company reduced forecasts.
Before it reduced forecasts in mid-November, the company expected gross margins of 57 to 61percentt.
The results were below the lower end of analysts' reduced forecasts of 32 cents to 55 cents a share.
Sears also said second-quarter profit dropped as much as 42percentt, within analysts' reduced forecasts, after it cut prices on seasonal clothing.
The maker of Internet-commerce software Ariba Inc. promoted its chief financial officer, Robert Calderoni, to chief executive and said its fiscal fourth-quarter sales beat reduced forecasts.
Analysts had reduced forecasts from about 4percentt after the company, which owns Lord & Taylor, Hecht's and other chains, posted disappointing results for the final week of May.
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Its earnings met analysts' reduced forecast, according to First Call.
The reduced forecast at Emulex hurt shares of other companies involved in computer storage.
Mr. Shiffler does not think the reduced forecast is much cause for worry.
Mr. Rockwood's departure was not related to the reduced forecast, Ms. Wilson said.
Because of the reduced forecast, TriQuint projected a loss of about 8 cents a share in the first quarter.
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