Mobileye Global Q2 2024 Adj. EPS $0.09 Beats $0.07 Estimate, Sales $439.000M Beat $424.802M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global reported Q2 2024 adjusted EPS of $0.09, beating the estimate of $0.07. Sales were $439 million, surpassing the expected $424.802 million.
August 01, 2024 | 10:31 am
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Mobileye Global's Q2 2024 earnings report shows an adjusted EPS of $0.09, beating the estimate of $0.07. Sales also exceeded expectations, coming in at $439 million compared to the forecasted $424.802 million.
Mobileye Global's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100