Mobileye Gains 2.5% After Better-Than-Expected Q3

Shares of Mobileye NV MBLY gained around 2.5 percent early Tuesday morning after the company reported its third quarter results.

• Mobileye earned $0.19 per share in Q3 - a penny better than expected.
• Revenue of $94.9 million was $5.4 million more than expected.
• GAAP Net income for the quarter rose to $27 million from $24.2 million a year ago.
• Mobileye's EyeQ chip volume rose to 1,553 thousand units compared to 1,351 thousand units a year ago.
• Average EyeQ selling price was $45.50, up from $43.50 a year ago.
• Original equipment manufacturing revenue rose to $72.6 million from $60.8 million a year ago.
• After market revenue rose to $22.3 million from $9.8 million a year ago.
• Company ended Q3 with $584.4 million in cash and cash equivalents, up from $53.1 million a year ago.