Yesterday’s trading update confirms that IQE’s FY19 results will be in line with the revised guidance it provided in November when the full extent of the impact of the US-China trade war became visible. We have cut our FY20 revenue estimate by 6%. In IQE’s case the impact of COVID-19 on global handset demand is likely to be softened by gaining share in both the wireless and photonics markets. However, the full effect of the pandemic on the global economy and IQE’s busi
25 Mar 2020
IQE - Well positioned to withstand near-term uncertainty
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IQE - Well positioned to withstand near-term uncertainty
IQE plc (IQE:LON) | 29.0 -0.2 (-2.5%) | Mkt Cap: 278.9m
- Published:
25 Mar 2020 -
Author:
Anne Margaret Crow -
Pages:
7
Yesterday’s trading update confirms that IQE’s FY19 results will be in line with the revised guidance it provided in November when the full extent of the impact of the US-China trade war became visible. We have cut our FY20 revenue estimate by 6%. In IQE’s case the impact of COVID-19 on global handset demand is likely to be softened by gaining share in both the wireless and photonics markets. However, the full effect of the pandemic on the global economy and IQE’s busi