Mobileye Global Inc (NASDAQ:MBLY) reported a fiscal first-quarter 2024 revenue decline of 48% year-on-year to $239.00 million, beating the consensus of $231.56 million. Adjusted EPS of $(0.07) missed the consensus loss of $(0.06). “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 drawdown and associated recovery in revenue appears to be on-track to what we laid out in January,”
Today is Wednesday, Jan. 13, and here are five things to know in Montgomery County:
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Conversation About Recovery: Montgomery County invites residents to join a community conversation focused on addiction and recovery at 6 p.m. You can join on Teams Live or watch live on County Cable Montgomery and the county’s Facebook page. More information can be found here.
Tomorrow! @MoCoDHHS will host a mental health and community wellness conversation that focuses on addiction and recovery issues as well as resources available locally. Please join us! For details about this free, virtual event https://t.co/7UtoSpV9yg. pic.twitter.com/ESZJ32NVnD