Mobileye (MBLY) Tops Q2 EPS by 2c

Mobileye (NYSE: MBLY) reported Q2 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $52.8 million versus the consensus estimate of $47.89 million.

"The second quarter demonstrated continued strong performance, highlighted by new EyeQ3 launches and increased demand for existing programs," stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye. "During the quarter, we saw further support for regulatory implementation of ADAS and continued customer interest in the adoption of autonomous driving. Looking forward, Mobileye will continue to develop innovative technologies to maintain our leadership position and benefit from the accelerating autonomous industry trends."

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

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