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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100