Mobileye Global Inc (NASDAQ: MBLY) reported a slight revenue decline in its fiscal third quarter of 2024, but still managed to beat analysts’ estimates for both revenue and earnings per share. The company’s adjusted operating margin took a hit due to lower gross margins, and a significant goodwill impairment charge was recorded. Despite these challenges, Mobileye’s CEO remains optimistic about the future, citing strategic objectives focused on expanding their Advanced Driver-Assistance Systems (ADAS) market share.