Mobileye N.V. reports EPS in-line, beats on revs
Reports Q3 (Sep) earnings of $0.04 per share, in-line with the Capital IQ Consensus Estimate of $0.04; revenues rose 70.1% year/year to $34.7 mln vs the $31.09 mln consensus.
- "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."