Mobileye releases first quarter 2024 results and provides business overview

Jerusalem--(business wire)--mobileye global inc. (nasdaq: mbly) (“mobileye”) today released its financial results for the three months ended march 30, 2024. “the financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. we are encouraged that the inventory draw-down and associated recovery in revenue appears to be on-track to what we laid out in january,” said mobileye president and ceo prof. amnon shashua. “from a business de.
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