Mobileye Q2 Earnings Beat, But Stock Falls

By | August 6, 2015

Scalper1 News

Mobileye (MBLY), a leading provider of driver-assistance technology that at some point could help lead to self-driving cars, topped expectations with its Q2 earnings Thursday morning. Mobileye reported revenue of $52.8 million, beating the consensus estimate of $47.9 million and up 57% from the year-earlier quarter. The Israel-based company reported earnings per share minus items of 10 cents, doubling its Q2 2014 figure and beating the consensus Scalper1 News

Scalper1 News