Mobileye: Q2 Earnings Snapshot
JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $86 million in its second quarter.
The Jerusalem-based company said it had a loss of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $439 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $427.4 million.
Mobileye expects full-year revenue in the range of $1.6 billion to $1.68 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBLY at https://www.zacks.com/ap/MBLY