JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $127 million in its fourth quarter.
The Jerusalem-based company said it had a loss of 16 cents per share. Earnings, adjusted for one-time gains and costs, were 6 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 6 cents per share.
The maker of driver-assistance systems and autonomous driving technologies posted revenue of $446 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $439.9 million.
For the year, the company reported a loss of $392 million, or 48 cents per share. Revenue was reported as $1.89 billion.
Mobileye expects full-year revenue in the range of $1.9 billion to $1.98 billion.
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