Mobileye forecasts annual revenue below estimates
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Mobileye Global has forecasted its fiscal 2025 revenue below Wall Street expectations, citing weaker shipments of its assisted driving technology to China due to competition from local automotive players.
January 30, 2025 | 12:30 pm
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Mobileye Global's forecast for fiscal 2025 revenue is below Wall Street expectations, primarily due to anticipated weaker shipments to China. This is attributed to increased competition from local automotive companies.
The forecasted revenue shortfall is significant as it directly impacts Mobileye's growth prospects in a major market like China. The competition from local players suggests potential market share loss, which could negatively affect investor sentiment and the stock price in the short term.
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