IQE’s post-close trading update shows that the short-term dip in production for one of its volume VCSEL programmes had a more severe impact on FY18 performance than management originally estimated. Although we are cutting our FY18 EPS estimate by 10.6%, we note the underperformance compared with management’s guidance given in November appears confined to FY18. Importantly, it does not affect the prospects for photonics growth in the medium term, which are based on multiple VCSEL o
29 Jan 2019
IQE - Assessment of short-term VCSEL slowdown
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
IQE - Assessment of short-term VCSEL slowdown
IQE plc (IQE:LON) | 26.6 -0.2 (-2.7%) | Mkt Cap: 256.3m
- Published:
29 Jan 2019 -
Author:
Anne Margaret Crow -
Pages:
5
IQE’s post-close trading update shows that the short-term dip in production for one of its volume VCSEL programmes had a more severe impact on FY18 performance than management originally estimated. Although we are cutting our FY18 EPS estimate by 10.6%, we note the underperformance compared with management’s guidance given in November appears confined to FY18. Importantly, it does not affect the prospects for photonics growth in the medium term, which are based on multiple VCSEL o