Mobileye forecasts annual revenue below estimates
Jan 22 (Reuters) - Self-driving tech company Mobileye Global forecast annual revenue below Wall Street expectations on Thursday, a sign that slower electric-vehicle production is weighing on demand for its driver assistance technology.
The company expects 2026 revenue between $1.90 billion and $1.98 billion, compared with analysts' estimate of $2 billion, according to data compiled by LSEG.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu (SHIB) Price Prediction
Klaviyo (KVYO) Partners With Google to Deliver Next Gen Customer Experience
Klarna Group (KLAR) Reaches 55 Million Monthly Active Users
Trending news
MoreCrypto prices
More
