indie Semiconductor Expects Q3 Revenue To Be Above $60M, Slightly Higher Than The Company's Guidance And Consensus Estimates
Portfolio Pulse from Bill Haddad
indie Semiconductor has announced that it expects its Q3 revenue to exceed $60M, which is slightly higher than its previous guidance.
October 16, 2023 | 12:32 pm
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indie Semiconductor's Q3 revenue is expected to be above $60M, slightly higher than its previous guidance. This could indicate a positive financial performance.
Companies that exceed their revenue guidance typically see a positive reaction in their stock price as it indicates better-than-expected financial performance. Therefore, indie Semiconductor's announcement could lead to a short-term increase in its stock price.
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