|
The
Israeli-based company, which is in the process of being acquired
by Intel Corp, said on Thursday it earned 25 cents per diluted
share excluding one-time items in the first quarter, up from 15
cents a share a year earlier.
Revenue rose 66 percent to $124.7 million.
Mobileye was forecast to have earned 24 cents on revenue of
$118.1 million, according to Thomson Reuters I/B/E/S.
The company said it posted new advanced driver system wins,
forged alliances with new partners and moved forward with its
proprietary high-definition mapping project by signing
definitive collaboration deals with several major automakers.
In March, Intel agreed to buy Mobileye, which develops
camera-based systems to help drivers avoid collisions, for $15.3
billion in a deal that promises to escalate the arms race among
the world's carmakers and suppliers to acquire autonomous
vehicle technology.
In light of the pending transaction, Mobileye said it would not
hold an earnings conference call and will not provide and
outlook for its financial results for future period.
Nissan <7201.T>, Volkswagen <VOWG_p.DE> and BMW <BMWG.DE> have
already signed up to share data from Mobileye's camera-equipped
advanced driver assistance systems to generate HD maps for
self-driving cars, and Mobileye Chairman Amnon Shashua has said
four more manufacturers were in talks about joining the program.
(Reporting by Steven Scheer, editing by Pritha Sarkar)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
