IQE has cut its FY19 revenue and profit guidance in response to reduced demand from wireless customers and an internal issue affecting a major photonics (not VCSEL - vertical cavity surface emitting laser) customer. Following a 25% share price fall, the shares are trading within the range created by photonics peers on most metrics.
24 Jun 2019
IQE - Supply chain issues intensify
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IQE - Supply chain issues intensify
IQE plc (IQE:LON) | 29.7 0 0.2% | Mkt Cap: 285.6m
- Published:
24 Jun 2019 -
Author:
Anne Margaret Crow -
Pages:
5
IQE has cut its FY19 revenue and profit guidance in response to reduced demand from wireless customers and an internal issue affecting a major photonics (not VCSEL - vertical cavity surface emitting laser) customer. Following a 25% share price fall, the shares are trading within the range created by photonics peers on most metrics.