Mobileye (MBLY) Tops Q3 EPS by 1c

November 15, 2016 7:00 AM EST
Get Alerts MBLY Hot Sheet
Trade MBLY Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Mobileye (NYSE: MBLY) reported Q3 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $94.9 million versus the consensus estimate of $89.51 million.

"Our core business performed well in the third quarter," stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye. "Strategically, we continue to see rising interest for higher-level autonomous vehicle technology. Most new customer requirements for future programs now include a semi-autonomous feature-set in addition to Advanced Driver Assist System safety features. We have also seen an uptick in discussions relating to Fully Autonomous programs on the heels of our two recently-announced Level 4 programs with BMW and Delphi. I am pleased that our customers continue to recognize the value Mobileye provides across the entire driving spectrum – from Driver Assist to Fully Autonomous."

For earnings history and earnings-related data on Mobileye (MBLY) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Management Comments

Related Entities

Earnings

Add Your Comment