Mobileye (MBLY) Tops Q4 EPS by 2c

Mobileye (NYSE: MBLY) reported Q4 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter rose 45.6% to $104.6 million versus the consensus estimate of $96.4 million.

"The fourth quarter marked a strong finish to 2016, which resulted in our ability to exceed revenue and profitability expectations for the full year," stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye. "Strategically, we maintained our leadership position and extended visibility for Advanced Driver Assistance System technology with 12 new program wins across 11 automakers. The Aftermarket division more than doubled revenue in 2016 and we expect continued growth in 2017. Finally, our expanded product portfolio matched very well to customer demand for future vehicle technology, leading to five Level 3 and five Level 4 autonomous vehicle production program wins plus definitive REM™ mapping agreements with Volkswagen and BMW."

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

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