Recap: Indie Semiconductor Q3 Earnings
Portfolio Pulse from Benzinga Insights
Indie Semiconductor (NASDAQ:INDI) reported its Q3 earnings with an EPS of $-0.08, in line with estimates. Revenue was up $30.46 million from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 5.49% drop in the share price the next day.
November 09, 2023 | 9:40 pm
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Indie Semiconductor's Q3 earnings were in line with estimates, and revenue increased YoY. However, past performance shows a share price drop following an EPS miss.
Indie Semiconductor's Q3 earnings were as expected, which is generally a positive sign. However, the company's history of a share price drop following an EPS miss last quarter may cause some investor caution. The increased revenue YoY is a positive sign, but it's unclear how the market will react given the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100