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 , still down 35.17% from its 52 week high of £52.60 set on Tuesday, September 7, 2021. They are under-performing the EUR/USD which is down 0% year to date.
IQE follows other major Information Technology sector earnings this month
IQE's report follows an earnings beat by Hon Hai Precision ADR on Tuesday, August 9, 2022, 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 Thursday, August 25, 2022 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