JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $67 million in its second quarter.
On a per-share basis, the Jerusalem-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $506 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $503.4 million.
Mobileye expects full-year revenue in the range of $1.77 billion to $1.89 billion.
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