Mobileye (MBLY) Reports In-Line Q3 EPS

Mobileye (NYSE: MBLY) reported Q3 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $34.7 million versus the consensus estimate of $30.3 million.

"We are pleased with our strong third quarter results, driven by the ongoing demand for our complex technology," stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye. "During the quarter we successfully won programs for our EyeQ System-on-Chip in several new models with new and existing OEM customers, further validating our best-of-breed mono-camera technology, which bundles multiple applications into a single package. Mobileye remains in a position to benefit from the ongoing move toward increased regulation of ADAS as well as from the large and growing trend towards semi-autonomous and autonomous driving."

For earnings history and earnings-related data on Mobileye (MBLY) click here.

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