JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $218 million in its first quarter.
On a per-share basis, the Jerusalem-based company said it had a loss of 27 cents. Losses, adjusted for one-time gains and costs, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $239 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $226.6 million.
Mobileye expects full-year revenue in the range of $1.83 billion to $1.96 billion.
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