Mobileye N.V. (MBLY) Reports In-Line Q2 EPS

Mobileye N.V. (NYSE: MBLY) reported Q2 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $33.7 million versus the consensus estimate of $33.14 million.

"The second quarter results highlight the strength of our unique business model. Our strong revenue growth was driven by continued robust market demand resulting from the ongoing move toward regulating ADAS as well as the value proposition of our innovative solution, which bundles multiple applications into a single package," stated Ziv Aviram, co-founder, president and chief executive officer of Mobileye. "The completion of our initial public offering was an important milestone for us. Mobileye now has enhanced resources to continue executing its growth strategy and further extending its technology leadership position and penetration with OEMs. Looking forward, we have numerous opportunities to continue to drive growth, including creating new and enhanced applications to capitalize on the advantages of our complex technology. Longer term, our position in the market will enable us to benefit significantly from the large and growing semi-autonomous and autonomous driving trend."

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Goldman reinstates Estee Lauder rating, sees turnaround driving growth and margins
• Accenture downgraded by TD Cowen on AI concerns