Mobileye beats revenue estimates in first quarterly report since IPO

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Go back to Mobileye beats revenue estimates in first quarterly report since IPO

Mobileye (MBLY) shares rally after topping Q3 consensus estimates

December 7, 2022 1:47 PM EST

Mobileye (NASDAQ: MBLY) shares jumped over 8% Wednesday on the back of its fiscal third-quarter earnings results, which saw it top profit and revenue estimates.

The autonomous driving technologies company posted adjusted earnings of $0.14, $0.02 better than the analyst estimate of $0.12, while revenue for the quarter came in at $450 million versus the consensus estimate of $447.04 million.

The company's... More