Investing.com - IQE reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IQE announced earnings per share of £-0.01 on revenue of £86.20M. Analysts polled by Investing.com anticipated EPS of £-0.88 on revenue of £69.00M.
IQE shares are down 1.3% from the beginning of the year and are trading at £34.10 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
IQE follows other major Information Technology sector earnings this month
IQE's report follows an earnings beat by Hon Hai Precision ADR on August 9, who reported EPS of £0.1598 on revenue of £50.28B, compared to forecasts EPS of £0.1478 on revenue of £48.22B.
Argo Blockchain had missed expectations on August 25 with second quarter EPS of £-0.0384 on revenue of £12.01M, compared to forecast for EPS of £-0.0032 on revenue of £15.72M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar