Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- Mobileye Global Inc (NASDAQ:MBLY) shares rose more than 2% in premarket trading Thursday after the company reported earnings and revenue that topped market estimates.
The autonomous driving firm reported Q1 earnings per share (EPS) of $0.08, in line with consensus estimates. The company’s revenue for the period surged 83% year-over-year to $438 million, also above the $435.4 million that analysts had expected.
Adjusted operating income was $59 million, slightly ahead of the $57.3 million estimate. Adjusted gross margin stood at 69%, just under the expected 70%.
For the full year, Mobileye projected revenue between $1.69 billion and $1.81 billion, compared to the consensus projection of $1.74 billion.
“Based on strong revenue trends to-date and our own analysis of likely production impacts of the current tariff conditions (including the most recent third party forecasts), we continue to expect to deliver revenue and profitability within the guidance range," said Mobileye President and CEO Professor Amnon Shashua.
"While uncertainty has clearly risen, our original outlook was designed to account for some amount of macro deterioration in 2025,” he added.