IQE has announced that it expects H120 revenues to be at least £85m. This is 27% higher than H119 and a record first half performance. Despite this encouraging start to the year, we leave our estimates unchanged given the prevailing uncertainty regarding the impact of the coronavirus pandemic on global handset demand.
15 Jun 2020
IQE - Record first half revenues despite coronavirus
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IQE - Record first half revenues despite coronavirus
IQE plc (IQE:LON) | 28.6 -0.3 (-4.0%) | Mkt Cap: 275.5m
- Published:
15 Jun 2020 -
Author:
Anne Margaret Crow -
Pages:
2
IQE has announced that it expects H120 revenues to be at least £85m. This is 27% higher than H119 and a record first half performance. Despite this encouraging start to the year, we leave our estimates unchanged given the prevailing uncertainty regarding the impact of the coronavirus pandemic on global handset demand.