indie Semiconductor Posts Quarterly Results With Slight EPS Miss
· 2 sources
indie Semiconductor (INDI) reported a loss of $0.05 per share and revenue of $70.24 million, per MarketBeat. TipRanks covered the earnings call.
What happened
indie Semiconductor (NASDAQ:INDI) released its quarterly results on Thursday, according to MarketBeat. The company reported a loss of $0.05 per share, a penny wider than the consensus estimate of a $0.04 loss.
MarketBeat reports that revenue came in at $70.24 million, just above the analyst estimate of $70.21 million. The outlet also notes that the company has a negative return on equity of 34.00% and a negative net margin of 61.02%.
TipRanks published a piece on the company's earnings call, with a headline pointing to growth as a theme of the discussion. The sources provided do not detail what management said.
Why it matters
Results compared with analyst estimates are one of the main ways markets gauge how a company is performing, so the small EPS miss and slight revenue beat may draw attention to indie Semiconductor.
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