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Benzinga
Benzinga
Business
Henry Khederian

SHOCKING: Why indie semiconductor shares are rising - What They Never Told You

Indie Semiconductor Nasdaq

Indie Semiconductor Inc (NASDAQ:INDI) shares are trading higher by 29.26% at $6.98 after the company reported better-than-expected first-quarter EPS and sales results.

Indie Semiconductor reported quarterly losses of 11 cents per share which beat the analyst consensus estimate of a loss of 12 cents. The company reported quarterly sales of $22.00 million which beat the analyst consensus estimate of $21.57 million by 2%.

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