JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $2.72 billion in its third quarter.
The Jerusalem-based company said it had a loss of $3.35 per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $486 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $481.7 million.
Mobileye expects full-year revenue in the range of $1.62 billion to $1.66 billion.
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