Wolfson sees Q4 revenue hit by product cancellations

LONDON (Reuters) - British chipmaker Wolfson Microelectronics said weaker-than-expected end sales of products like smartphones would drag fourth-quarter revenues towards the lower end of its $40 million (24.8 million pounds) to $50 million guidance.

"Customer product sell-through issues, product cancellations and slippage of some programmes into 2014 means sales are likely to remain weak until boosted by customer new product introductions during the first half of 2014," Chief Executive Mike Hickey said on Tuesday.

Revenue for the three months to September 29 came in at $43.9 million, down on $53.0 million a year earlier, it said, while the company, which counts Samsung as a customer, slipped to an underlying operating loss of $3.0 million from a $3.4 million profit a year earlier.

(Reporting by Paul Sandle; editing by Kate Holton)