Mobileye Hits Brakes After Q2 Earnings Barely Beat

By | September 4, 2014

Scalper1 News

Mobileye (MBLY), a maker of camera-based driver-assistance systems, posted Q2 sales and earnings early Thursday that beat estimates, but just barely, and investors took profits in the white-hot IPO in morning trading. The Jerusalem-based company earned 5 cents a share excluding items in the June quarter vs. 3 cents a share in the year-earlier quarter and besting Wall Street expectations for 4 cents. Sales soared 91% to $33.7 million, edging Scalper1 News

Scalper1 News