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Mobileye tops earnings expectations, but stock plunges on lowered guidance
April 27, 2023, 7:16 p.m. | Maria Deutscher
AI – SiliconANGLE siliconangle.com
Shares of chipmaker Mobileye Global Inc. dropped more than 21% today after it lowered its full-year guidance for 2023. The company released the revised projection alongside the financial results for its fiscal first quarter, which ended April 1. Mobileye topped both revenue and adjusted earnings per share expectations during the quarter. Mobileye operated as an […]
The post Mobileye tops earnings expectations, but stock plunges on lowered guidance appeared first on SiliconANGLE.
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