Mobileye Global Q3 EPS $0.22 Beats $0.17 Estimate, Sales $530.00M Beat $527.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global (NASDAQ:MBLY) reported Q3 earnings of $0.22 per share, beating the analyst consensus estimate of $0.17 by 29.41%. This is a 46.67% increase from the same period last year. The company also reported quarterly sales of $530.00 million, beating the analyst consensus estimate of $527.38 million by 0.50%. This is a 17.78% increase from the same period last year.
October 26, 2023 | 10:34 am
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POSITIVE IMPACT
Mobileye Global's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Companies that report earnings and sales that exceed analyst estimates typically see a positive reaction in their stock price as this indicates strong financial performance. Given that Mobileye Global's Q3 earnings and sales beat estimates by a significant margin, it is likely that this will have a positive impact on the company's stock price in the short term.
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