Indie Semiconductor Q2 Adj $(0.11) Misses $(0.09) Estimate, Sales $52.35M Miss $53.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Indie Semiconductor (NASDAQ:INDI) reported Q2 losses of $(0.11) per share, missing the $(0.09) estimate. Sales were $52.35M, below the $53.75M estimate.
August 08, 2024 | 8:34 pm
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Indie Semiconductor reported Q2 losses of $(0.11) per share, missing the $(0.09) estimate by 22.22%. Sales were $52.35M, below the $53.75M estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. The EPS miss by 22.22% and sales miss by 2.60% indicate weaker-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100