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.
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