BUZZ-Mobileye skids on weak full-year rev outlook

Shares of self-driving tech firm Mobileye MBLY.O down 7.9% premarket to $14.75 after rev outlook disappoints Wall Street

MBLY shares on track to open at lowest levels since early Nov, if losses hold

Israeli-based firm, majority owned by Intel INTC.O, said early Thurs expects fiscal 2025 rev of $1.69-$1.81 bln compared to LSEG estimate of $1.94 bln on weak China demand

For Q4, it reported rev above consensus, but that figure fell 23% y/y due to less demand for its EyeQ chips given supply glut at its major customers

Of 28 analysts covering MBLY, recommendation breakdown is 15 "strong buy" or "buy", 10 "hold" and 3 "sell" - LSEG

Median PT of $20 up from $17.50 on Oct 30

Through Weds close, shares off ~20% YTD following 54% drop in 2024

Meanwhile, INTC slated to report results after the bell with CEO search in focus