Mobileye (MBLY) cuts full-year revenue forecast; Shares slump

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Go back to Mobileye (MBLY) cuts full-year revenue forecast; Shares slump

Shares drop early as Mobileye (MBLY) cuts revenue forecast

April 27, 2023 8:23 AM EDT

Autonomous Tech company Mobileye Global (NASDAQ: MBLY) announced Thursday that the company has lowered its forecast for annual revenue, sending the company's shares down nearly 15% before the bell. The cut is due to a slowdown in electric-vehicle demand in China.

China's... More