Mobileye Q3 Earnings: Revenue And EPS Beat, $2.7 Billion Impairment Hit, CEO Outlines Strategic Goals

Quick Summary:

Mobileye Global Inc (NASDAQ: MBLY) reported a fiscal third-quarter 2024 revenue decline of 8% year-on-year to $486.00 million, beating the analyst consensus estimate of $472.14 million. 

Adjusted EPS of $0.10 beat the analyst consensus estimate of $0.09.  The stock climbed after the print.

Also Read: Mobileye Shares Surge as Intel Reaffirms Stake Amid US Chip Deals and Fed Rate Cuts

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: Movers Top Stories Why it's moving Tech MBLY Stories That Matter News Benzinga Earnings Briefs Guidance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 13:04:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23349081

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About Benzinga

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Official Website: benzinga.com

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