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Mobileye Beats Estimates

TheMotleyFool 
0 0 30.01.25
Mobileye Beats Estimates
 

Mobileye Global (NASDAQ:MBLY) is a leader in advanced driver assistance systems (ADAS) and autonomous vehicle (AV) technologies. On Jan. 30, 2025, it announced its earnings for the fourth quarter of 2024, showing signs of progress despite some challenges. Revenue for the quarter was $490 million, surpassing analyst projections of $478 million but marking a 23% decline from the same quarter last year. Adjusted Non-GAAP earnings per share (EPS) was $0.13, beating estimates of $0.11 yet falling short of last year's $0.28. .

Source: Analyst estimates for the quarter provided by FactSet

Mobileye Global is at the forefront of developing advanced driver assistance systems (ADAS) and autonomous vehicle (AV) technology. It is renowned for its technological innovations, including the EyeQ system-on-chip, which is critical for the various degrees of driving automation. The company focuses heavily on improving sensor technology and creating high-definition mapping solutions.

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Source Fool.com

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