Mobileye reports Q3 revenue decline but beats earnings expectations and outlines strategic goals

benzinga.com

Mobileye Global Inc reported a revenue decline of 8% year-on-year for Q3 2024, totaling $486 million, which exceeded analyst expectations. Adjusted earnings per share were $0.10, also above forecasts. The company faced a $2.7 billion goodwill impairment charge linked to Intel's 2017 acquisition. Revenue from EyeQ and SuperVision dropped to $457 million, and the number of systems shipped fell to 8.6 million. Mobileye revised its full-year revenue outlook to between $1.62 billion and $1.66 billion. The stock rose 8.62% to $13.49 in premarket trading following the earnings report.


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Mobileye reports Q3 revenue decline but beats earnings expectations and outlines strategic goals | News Minimalist