Mobileye beats first-quarter revenue estimates [Reuters]
Mobileye Global Inc. (MBLY)
US:NYSE Investor Relations:
ir.mobileye.com/investor-relations/default.aspx
Company Research
Source: Reuters
April 25 (Reuters) - Self-driving technology firm Mobileye Global beat market expectations for quarterly revenue on Thursday as it benefited from higher orders for its driver assistance chips amid a wave of investment in automation by carmakers. The company reported first-quarter revenue of $239 million, compared with analysts' average estimate of $231.6 million, according to LSEG data. The results signal that demand for Mobileye's chips has remained resilient even though the company warned at the start of the year that a pull-back in orders would hit results. The company's net loss widened to $218 million in the quarter from $79 million a year ago. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up Reporting by Zaheer Kachwala in Bengaluru; Editing by Maju Samuel Our Standards:
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MBLY
News
- Mobileye Global Inc. (NASDAQ:MBLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target lowered by analysts at Citigroup Inc. from $58.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Piper Sandler from $31.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Canaccord Genuity Group Inc. from $31.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $36.00 price target on the stock.MarketBeat
MBLY
Earnings
- 4/25/24 - Beat
MBLY
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- MBLY's page on the SEC website