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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.

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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.

mobile

(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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