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Mobileye beats analysts and raises guidance

Mobileye Global Inc, an Israeli company specializing in advanced driving assistance systems, reported strong second quarter results, surpassing analyst expectations with $506 million in revenue and non-GAAP earnings per share of $0.13. Despite a reported net loss, the company raised its annual 2025 revenue guidance to a range of $1.76-1.88 billion and increased its forecast for adjusted operational profit. The positive results led to a notable rise in Mobileye's share price during premarket trading. Recently, the company's controlling shareholder sold a significant portion of shares, with Mobileye itself participating in the buyback.

Original article source: https://en.globes.co.il/en/article-mobileye-beats-analysts-and-raises-guidance-1001516993
Source Id: 8784016910

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