Mobileye (MBLY) Tops Q2 EPS by 1c ; Offers Guidance
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Morgan Stanley Upgrades Mobileye N.V (MBLY) to Equalweight
August 2, 2024 6:08 AM EDTMorgan Stanley analyst Adam Jonas upgraded Mobileye N.V (NASDAQ: MBLY) from Underweight to Equalweight with a price target of $18.00 (from $25.00).
The analyst comments "Three Key Drivers of our Upgrade to Equal-Weight: 1. Consensus has been reset. After a series of profit warnings, consensus expectations for FY24 and FY25 should fall significantly. We believe that upon this earnings release, SuperVision expectations will now be sufficiently revised downward. We believe this... More
Mobileye shares crash 20% as autonomous driving company cuts 2024 outlook
August 1, 2024 7:02 AM EDT(Updated - August 1, 2024 9:54 AM EDT)
Mobileye (NASDAQ: MBLY) saw its shares plummet 20% Thursday after the autonomous driving company reduced its revenue guidance for the full fiscal 2024, missing consensus estimates.
For Q2, Mobileye reported earnings per share (EPS) of $0.09, surpassing the analyst estimate of $0.08. The company's revenue for the quarter was $439 million, also above the consensus projection of $438.08 million.
Mobileye's adjusted operating income was $79 million, exceeding the... More
