JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $102 million in its first quarter.
On a per-share basis, the Jerusalem-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $438 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $434 million.
Mobileye expects full-year revenue in the range of $1.69 billion to $1.81 billion.
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