Mobileye Global Inc. (MBLY) Q2 2024 Earnings Call Transcript
Mobileye Global Inc. (NASDAQ:MBLY ) Q2 2024 Results Conference Call August 1, 2024 8:00 AM ET Company Participants Dan Galves - Chief Communications Officer Amnon Shashua - Chief Executive Officer & President Moran Shemesh - Chief Financial Officer Nimrod Nehushtan - Executive Vice President of Strategy & Business Development Conference Call Participants Ananda Baruah - Loop Capital Markets George Gianarikas - Canaccord Genuity Antoine Chkaiban - New Street Research Adam Jonas - Morgan Stanley Steven Fox - Fox Advisors Operator Greetings, and welcome to the Mobileye 2Q '24 Earnings Call. At this time, all participants are in a listen-only mode.
Mobileye (MBLY) Stock Is Down 20% as Demand Weakens. What's Going On?
Mobileye (NASDAQ: MBLY ) is one of the top-trending tickers on social media and business news websites, and MBLY stock is down about 20% today. The selloff was triggered by the firm's announcement of a reduction in its 2024 revenue guidance.
Why Mobileye Stock Is Heading Downhill Today
Mobileye's second-quarter earnings were down from a year ago but beat Wall Street's estimates. But the company said shipments and revenue will be lower than expected in the second half of 2024.
Mobileye Global (MBLY) Q2 Earnings and Revenues Beat Estimates
Mobileye Global (MBLY) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.17 per share a year ago.
Mobileye cuts annual revenue forecast; shares slump
Mobileye Global cut its annual revenue forecast on Thursday, as the self-driving technology company reels under weak demand for its driver-assistance chips in the wake of production cuts at global automakers.
3 Artificial Intelligence (AI) Stocks With Scorching-Hot Upside of Up to 100%, According to Select Wall Street Analysts
One estimate calls for artificial intelligence (AI) to add more than $15 trillion to the global economy by 2030. Certain Wall Street analysts are forecasting 55% to 100% upside over the next 12 months for three top-tier AI stocks.
MBLY SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Mobileye Global Inc. Shareholders to Actively Participate in Class Action Lawsuit!
NEW YORK CITY, NY / ACCESSWIRE / July 14, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mobileye Global Inc. ("Mobileye" or "the Company") (NASDAQ:MBLY). Investors who purchased Mobileye securities prior to January 26, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBLY.
MBLY STOCKHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces a Review into Mobileye Global Inc. and Encourages Investors to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / July 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mobileye Global Inc. ("Mobileye" or "the Company") (NASDAQ:MBLY). Investors who purchased Mobileye securities prior to January 26, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBLY.
MBLY SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Mobileye Global Inc. and Urges Investors to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / July 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mobileye Global Inc. ("Mobileye" or "the Company") (NASDAQ:MBLY). Investors who purchased Mobileye securities prior to January 26, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBLY.
MBLY INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Examination into Mobileye Global Inc. and Encourages Investors to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / July 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mobileye Global Inc. ("Mobileye" or "the Company") (NASDAQ:MBLY). Investors who purchased Mobileye securities prior to January 26, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/MBLY.
