IQE’s post-H118 close trading update notes the group continues to trade in line with current market expectations. Importantly, it comments on a significant increase in photonics revenues from product qualifications, underpinning management’s expectation of a photonics ramp-up in H218 and FY19. We raise our revenue estimates slightly but otherwise leave our forecasts unchanged.
07 Aug 2018
IQE - Six more VCSEL projects in mass production
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IQE - Six more VCSEL projects in mass production
IQE plc (IQE:LON) | 28.6 -0.3 (-4.0%) | Mkt Cap: 275.5m
- Published:
07 Aug 2018 -
Author:
Anne Margaret Crow -
Pages:
3
IQE’s post-H118 close trading update notes the group continues to trade in line with current market expectations. Importantly, it comments on a significant increase in photonics revenues from product qualifications, underpinning management’s expectation of a photonics ramp-up in H218 and FY19. We raise our revenue estimates slightly but otherwise leave our forecasts unchanged.