Mobileye (MBLY) Tops Q3 EPS by 1c

November 15, 2016 7:00 AM EST
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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.

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