Mobileye Global Inc. (MBLY) shares are plummeting over 9% in the pre-market trading session on Thursday, following the release of the company's fourth-quarter 2024 earnings results.
While Mobileye reported better-than-expected revenue of $490 million (vs. $477.8 million estimated) and adjusted operating income of $101 million (vs. $85.1 million estimated), the company's bottom line figures fell short of expectations.
Mobileye reported an adjusted net income of $107 million, or $0.13 per share, which was slightly above the consensus estimate of $0.11 per share. However, the company also reported a basic net loss of $0.09 per share for the quarter, disappointing investors.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.