Reflecting market trends

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Wolfson Microelectronics, the Edinburgh-based leader in mixed-signal semiconductors, has provided a trading update and forecast for its figures in the fourth quarter of 2008.

Third quarter revenue is estimated to be in line with the $56-62m (£32-35m) half-year result expectations, while gross margin is predicted to be within 50-51 per cent. The company is currently anticipating diluted earnings for shareholders reflective of current market trends.

Wolfson has reported a reduction in orders following a decline in consumer confidence. Based on the current economic climate, Wolfson estimates that this year’s fourth quarter earnings will be between $45m to $50m.

The company stresses that the more conservative estimates are a result of the general economic environment and not an indication of any material design loss.

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