Mobileye forecasts annual revenue below estimates
ReutersJan 30, 2025 12:02 PM
Jan 30 (Reuters) - Mobileye Global MBLY.O forecast fiscal 2025 revenue below Wall Street expectations on Thursday, anticipating weaker shipments for its assisted driving technology to China as its automotive customers face stiff competition from local players.
The company forecast revenue between $1.69 billion and $1.81 billion, compared with the average analyst estimate of $1.94 billion, according to data compiled by LSEG.
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