Skip to main content

Mobileye: Q2 Earnings Snapshot

JERUSALEM (AP) — JERUSALEM (AP) — Mobileye Global Inc. (MBLY) on Thursday reported a loss of $21 million in its second quarter.

The Jerusalem-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The maker of driver-assistance systems and autonomous driving technologies posted revenue of $508 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $484 million.

Mobileye expects full-year revenue in the range of $1.97 billion to $2.02 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBLY at https://www.zacks.com/ap/MBLY

California couple and their surrogate testify in Texas court as dispute over newborn escalates

DALLAS (AP) — A California couple in an escalating fight with their surrogate over a newborn with a life-threatening heart defect told a Texas court Tuesday that the child's condition has worsened and they are anguished by attempts to deny them parental rights because they previously wanted an abortion. “He's our child,” Nausheen Gilkar said, wiping away tears on the witness stand. “She's unstable,” Gilkar said of surrogate McKenna West, who was sitting across from her in the Dallas courtroom. “She's trying to take him from us.” The hearing offered the fullest public airing to date of a deepening and high-profile dispute over surrogacy and abortion that has rushed right-to-life groups and GOP officeholders to the side of West, a nurse who flew from Alaska to have the baby on Aug. 12 in Texas, where most abortions are banned.
Read Next Story