Mobileye NV (MBLY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Mobileye NV (MBLY) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. The company posted revenue of $75.20 million in the period, compared to analysts expectations of $73.20 million. The company’s revenue was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mobileye NV. Shares were Reiterated by FBR Capital on Feb 24, 2016 to “Mkt Perform” and Lowered the Price Target to $ 30 from a previous price target of $50 .

Mobileye NV closed down -0.97 points or -2.59% at $36.54 with 31,32,980 shares getting traded on Wednesday. Post opening the session at $37.43, the shares hit an intraday low of $35.7 and an intraday high of $37.49 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Company’s software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles pedestrians cyclists animals debris and other obstacles. Its products are also able to detect roadway markings such as lanes road boundaries barriers and similar items as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment it sells a complete system which includes its software algorithms and EyeQ chip as well as the camera and other necessary components.

Mobileye NV

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