Mobileye Global Reiterated FY23 Revenue Guidance Of $2.065B-$2.114B Vs $2.1B Est, Raised Adj Operating Income Guide To $600M-$631M, Up From Prior $548M-$577M
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global has reiterated its FY23 revenue guidance of $2.065B-$2.114B, which is in line with the $2.1B estimate. The company has also raised its adjusted operating income guidance to $600M-$631M, up from the previous $548M-$577M.
July 27, 2023 | 10:34 am
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POSITIVE IMPACT
Mobileye's reiterated revenue guidance and increased operating income guidance may positively impact its stock price.
Mobileye's decision to maintain its revenue guidance shows confidence in its business strategy and future performance. The increase in operating income guidance indicates improved profitability, which is a positive signal to investors and could drive the stock price up.
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