Mobileye Reports Solid First Quarter Growth; Fair Value Unchanged at $63.54 on Intel Bid
Narrow-moat rated Mobileye, supplier of vision system technology for the global automotive industry, reported first-quarter earnings per share before special items and stock compensation expense (EPS) of $0.25 per share, 70% higher than the same quarter last year and a penny ahead of the market consensus EPS. Consolidated revenue jumped 66% to $124.7 million versus the year-ago first quarter. In our opinion, given the magnitude of Mobileye’s booked new business, by 2019, annual revenue will like...
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