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,”
The National Hurricane Center issued the first special tropical outlook of the 2024 hurricane season early Thursday morning.
The quintessential swing state, Pennsylvania has voted for the winner of almost every presidential election over the past 50 years. The only exceptions have been 2000 and 2004 (the Keystone State proved immune to the charms of George W. Bush). Mirroring those trends, it flipped from Barack Obama to Donald Trump in 2016 and from Trump to Joe Biden in 2020. It is expected to be a hotly contested battleground this November.