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Indie Semiconductor Sees Q3 Revenues Slightly Better Than Guidance
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(RTTNews) - Autotech solutions innovator indie Semiconductor, Inc. (INDI) announced Monday that in connection with the Company's warrant exchange offer and consent solicitation, preliminary estimated revenue for the three months ended September 30, 2023 is expected to be above $60 million and slightly better than the Company's guidance and consensus estimates.
Analysts on average expect the company to report revenues of $60.02 million for the quarter, according to figures compiled by Thomson Reuters.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment
The French market is notably higher on Tuesday as investors pick up stocks amid hopes of a Russia - Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
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DAX Up 0.3% On Ukraine Peace Deal Hopes
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Australian Dollar Falls Despite Upbeat Consumer Sentiment Data
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Data from Westpac-Melbourne Institute showed that consumer sentiment index rose to 98.5 in August from 93.1 in July. The improvement followed a further reduction in interest rates by the Reserve Bank of Australia. With the latest 25 basis points cut, interest rates dropped by 75 basis points since the start of the year.
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