Mobileye Q3 Earnings: Revenue And EPS Beat, $2.7 Billion Impairment Hit, CEO Outlines Strategic Goals

Mobileye Global Inc (NASDAQ: MBLY) reported a fiscal third-quarter 2024 revenue decline of 8% year-on-year to $486.00 million, beating the analyst consensus estimate of $472.14 million. 

Adjusted EPS of $0.10 beat the analyst consensus estimate of $0.09.  The stock climbed after the print.

Also Read: Mobileye Shares Surge as Intel Reaffirms Stake Amid US Chip Deals and Fed Rate Cuts

EyeQ and SuperVision revenue was $457 million vs. $507 million a year ago. 

The Average System Price was $53.3, down from $53.8 in the prior year. The number of systems shipped fell to 8.6 million, down from 9.4 million ...