Mobileye Global Inc. (MBLY) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $63 million, or $008 per share. This compares with $30 million, or $0.04 per share, in last year's fourth quarter.
Excluding items, Mobileye Global Inc. reported adjusted earnings of $228 million or $0.28 per share for the period.
Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $637 million from $565 million last year.
Mobileye Global Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $63 Mln. vs. $30 Mln. last year.-EPS (Q4): $008 vs. $0.04 last year.-Analyst Estimate: $0.27-Revenue (Q4): $637 Mln vs. $565 Mln last year.
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