08:43 AM EDT, 04/25/2024 (MT Newswires) -- Mobileye Global ( MBLY ) reported a Q1 non-GAAP loss Thursday of $0.07 per diluted share, compared with adjusted earnings of $0.14 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.06 per share.

Revenue for the quarter ended March 30 was $239 million, down from $458 million a year earlier.

Analysts surveyed by Capital IQ expected $230.7 million.

For full-year 2024, the company said it expects revenue to be in the range of $1.83 billion to $1.96 billion. Analysts surveyed by Capital IQ are expecting $1.90 billion.

Shares of Mobileye Global ( MBLY ) were up 3.4% in recent premarket activity.

Price: 32.17, Change: +1.05, Percent Change: +3.38