June 24, 2024

indie Semiconductor, Inc. INDI shares are buying and selling greater after the corporate mentioned it expects third-quarter income to be over $60 million.


What To Know: Indie Semiconductor supplied preliminary third-quarter income outlook on Monday. The corporate said that income is anticipated to be above $60 million, barely higher than the corporate’s steering and consensus estimates. The corporate additionally set Nov. 9 because the date for its earnings launch and convention name.

The information prompted shares of the inventory to commerce greater by over 20% on Monday, a break within the current downward development of the inventory.

Associated Hyperlink: Goldman Sachs Is Bearish On Intel Forward of Q3 – Here is Why

INDI Value Motion: Shares of INDI had been up 18.6% at $5.78 on the time of publication, in line with Benzinga Professional.

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