Ann: IQE - FY 2014 Preliminary Results Announcement, page-2

Cardinal sin of missing prospectus numbers. Forecast for CY15 not even that inspiring as they don't seem to have mentioned whether the $30-33m EBITA range is before or after non-controlling interest. The prospectus forecast $30.1m EBITA and $28.8m after non-controlling interests.
If it's $30-33m before non-controlling interests they have in my view downgraded CY15 given they should have received a boost from the acquisition. It's after non-non controlling interests and they do in fact meet those numbers the stock price quite nicely.
Think I'll wait for the interim now they've shown forecasts can't be met