Mobileye Global Q1 Adj $(0.07) Misses $(0.06) Estimate, Sales $239.00M Beat $231.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global (NASDAQ:MBLY) reported Q1 adjusted losses of $(0.07) per share, missing the $(0.06) estimate, and sales of $239.00M, beating the $231.56M estimate. This represents a 150% decrease in earnings and a 47.82% decrease in sales from the same period last year.
April 25, 2024 | 10:32 am
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Mobileye Global reported a larger-than-expected Q1 loss of $(0.07) per share and a sales beat at $239.00M, indicating mixed financial health.
The earnings miss could pressure MBLY's stock in the short term due to investor concerns over profitability. However, the sales beat might offset some negative sentiment by demonstrating better-than-expected revenue generation. The mixed results create uncertainty, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100