Mobileye Global Reports Earnings Beat and Revenue Exceeds Estimates

Mobileye Global recently announced its second quarter earnings, reporting an earnings per share (EPS) of $0.09, which surpasses the analyst estimate of $0.08. The company’s revenue for the quarter was $439 million, slightly above the consensus estimate of $438.08 million.

### Guidance

For the fiscal year 2024, Mobileye Global projects revenue to be between $1.60 billion and $1.68 billion, falling short of the analyst consensus of $1.87 billion.

Mobileye Global’s stock closed at $21.00, reflecting a decline of 30.07% over the past three months and a significant drop of 43.56% over the past year. In the last 90 days, there have been two positive EPS revisions and one negative revision related to the company’s performance.

Additionally, Mobileye Global’s financial health has been assessed as “fair performance.”

For those interested in keeping track of upcoming earnings reports, a calendar of these events would provide timely updates.