Mobileye (MBLY) Stock Continuing to Gain After Earnings Beat
NEW YORK (TheStreet) -- Mobileye (MBLY) stock is continuing to gain, up by 4.94% to $49.08 in mid-morning trading on Wednesday, after the company reported its 2015 third quarter earnings results.
Before the market open on Tuesday, the software developer reported 2015 third quarter earnings of 15 cents per share on a 104% year over year increase in revenue to $70.6 million.
Analysts surveyed by Thomson Reuters had forecast for earnings of 13 cents per share on $67.36 million in revenue.
"Our third quarter results highlight the growing interest from OEMs, consumers and regulatory agencies to include advanced safety features in vehicles," Mobileye CEO Ziv Aviram said in a statement.
Separately, TheStreet Ratings team rates MOBILEYE NV as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
We rate MOBILEYE NV (MBLY) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its premium valuation and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: MBLY
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