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
Mobileye stock rose Tuesday after underwriters of its Aug. 1 IPO initiated coverage following the end of its quiet period. Mobileye (MBLY) rose 8.5% to finish at a new closing high of 41.43 in heavy volume on the stock market today. The company says it’s the leading developer of camera-based driver-assistance systems, including self-driving auto technology, automatic braking and collision avoidance. Mobileye priced its initial public offering at
Mobileye made an eye-popping IPO Friday, the largest tech debut this year and capping the best month for new issues in more than seven years. The maker of self-driving auto technology raised $890 million by selling 35.6 million shares at an above-range price of 25. The stock closed at 37, up 48%. Mobileye (MBLY) is the largest pure-tech initial public offering this year. It makes chips and software installed in a camera system that monitors road