Indie Semiconductor Q1 2024 Adj EPS $(0.10) Misses $(0.08) Estimate, Sales $52.353M Miss $56.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Indie Semiconductor reported Q1 2024 adjusted EPS of $(0.10), missing the $(0.08) estimate, and sales of $52.353M, below the $56.167M estimate. Despite the miss, sales increased 29.42% from the same period last year.
May 09, 2024 | 8:49 pm
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NEGATIVE IMPACT
Indie Semiconductor's Q1 2024 earnings and sales missed analyst estimates, with an EPS of $(0.10) and sales of $52.353M.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the significant year-over-year sales growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100