By Reuters | Updated: 25 January, 2024
Jan 25 (Reuters) – Self-driving technology company Mobileye Global (MBLY.O), opens new tab beat expectations for quarterly adjusted profit on Thursday as demand for its autonomous driving technology remained resilient in an uncertain economy.
On an adjusted basis, the company earned 28 cents per share in the fourth quarter, compared with analysts’ forecast for a profit of 27 cents per share, according to LSEG data.
Shares of the company rose around 2% in premarket trading.
However, its quarterly revenue of $637 million missed analysts’ estimate of $639.8 million.
© Thomson Reuters 2024
