Mobileye shares rise after earnings drop shows self-driving car growth

Car owners who want their vehicles to be driven around have been burned by years of auto industry overpromising. There are no real self-driving cars. Self-driving technology is getting betterHowever, it is being adopted by many automakers.


The Global Earnings and Earnings Guide is proof.

Fifth, the supplier of Advanced driver assistance Hardware and software reported better-than-expected fourth-quarter results.


(code: MBLY) announced Adjusted earnings per share were 27 cents on revenue of $565 million. Wall Street is looking for 17 cents a share on $533 million in revenue.


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