Mobileye (MBLY) Q2 Earnings Top, 2024 Sales & Profit View Cut

Mobileye Global Inc. (MBLY) reported second-quarter 2024 adjusted earnings per share of 9 cents, which beat the Zacks Consensus Estimate of 8 cents. However, earnings came in lower than 17 cents per share recorded in the year-ago quarter. Total revenues amounted to $439 million, beating the Zacks Consensus Estimate of $427 million. However, the metric was down 3% year over year. This was primarily due to a 10% reduction in EyeQ SoC-related revenues. The decrease stemmed from Tier 1 customers using up their ...