Mobileye Global Reiterated FY24 Revenue Outlook Of $1.830B-$1.960B Vs. $1.90B Estimate, Projects FY24 Adjusted Operating Income Of $270M-$360M
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global has reaffirmed its FY24 revenue forecast to be between $1.830 billion and $1.960 billion, closely aligning with the $1.90 billion estimate. Additionally, the company projects its FY24 adjusted operating income to range from $270 million to $360 million.
April 25, 2024 | 10:43 am
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Mobileye Global reaffirms its FY24 revenue outlook and projects adjusted operating income, indicating strong financial health and operational efficiency.
Reaffirming revenue outlook and projecting a solid adjusted operating income range signals confidence in the company's financial trajectory and operational management, likely fostering investor confidence and potentially driving up the stock price in the short term.
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