Mobileye beats quarterly profit estimates

1 year ago 30

Self-driving technology

company

Mobileye

Global beat expectations for quarterly

adjusted profit

on Thursday as demand for its

autonomous driving technology

remained resilient in an uncertain economy.
On an adjusted basis, the company earned 28 cents per share in the fourth quarter, compared with analysts' forecast for a profit of 27 cents per share, according to LSEG data.

Shares of the company rose around 2% in premarket trading.
However, its quarterly revenue of $637 million missed analysts' estimate of $639.8 million.

Article From: timesofindia.indiatimes.com

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