Why Mobileye Stock Is Heading Downhill Today
MBLYMobileye (MBLY) The Motley Fool·2024-08-01 23:14

Earnings weren't bad, but the guidance isn't good.Shares of Mobileye Global (MBLY -18.76%) were trading sharply lower on Thursday, after the company cut its full-year revenue guidance on concerns about demand in China.As of 10:30 a.m. ET, Mobileye's shares were down about 20.3% from Wednesday's closing price. Earnings beat estimates but the outlook isn't rosyAt first glance, Mobileye's second-quarter earnings were decent. The company reported adjusted earnings per share of 0.09onrevenueof0.09 on revenue of 439 million. ...