Mobileye Global Expects FY24 Revenue Of $1.60B-$1.68B (Prior $1.83B-$1.96B) Vs $1.871B Est
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global has updated its financial guidance for the 2024 fiscal year, lowering its revenue expectations to $1.60B-$1.68B from the previous $1.83B-$1.96B. The company also adjusted its operating loss and adjusted operating income projections.
August 01, 2024 | 10:39 am
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Mobileye Global has revised its FY24 revenue guidance downward to $1.60B-$1.68B from the previous $1.83B-$1.96B. The company also adjusted its operating loss and adjusted operating income projections, indicating potential financial challenges ahead.
The downward revision in revenue guidance and adjusted operating income suggests that Mobileye Global may face financial challenges in the near term. This could negatively impact investor sentiment and the stock price.
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