Indie Semiconductor Q4 2023 GAAP EPS $(0.01), Inline, Sales $70.13M Miss $72.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Indie Semiconductor (NASDAQ:INDI) reported Q4 2023 GAAP EPS of $(0.01), meeting analyst consensus. However, its sales of $70.13M missed the $72.56M estimate, marking a 112.35% increase from the previous year.
February 22, 2024 | 10:04 pm
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Indie Semiconductor reported Q4 2023 earnings with EPS in line with estimates but missed sales forecasts, showing significant year-over-year growth.
While Indie Semiconductor met EPS estimates, the slight miss in sales forecasts could temper investor enthusiasm short term. However, the substantial year-over-year sales growth indicates strong underlying business performance, which might mitigate negative reactions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100