Mobileye beats quarterly revenue estimates

Reuters
24 Apr
Mobileye beats quarterly revenue estimates

April 24 (Reuters) - Mobileye MBLY.O beat Wall Street expectations for first-quarter revenue on Thursday, benefiting from an increase in orders for its driver-assistance technology as customers move past inventory digestion.

The company reported revenue of $438 million for the quarter, compared with estimates of $435.2 million, according to data compiled by LSEG.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Maju Samuel)

((Zaheer.Kachwala@thomsonreuters.com;))

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