Mobileye’s stock pops 4% premarket after earnings top estimates

Mobileye Global Inc.’s stock MBLY rose 4% in premarket trade Thursday, after the provider of technology for self-driving cars posted better-than-expected adjusted second-quarter earnings. The company had a net loss of $28 million, or 4 cents a share, for the quarter, wider than the loss of $7 million, or 1 cent a share, posted in the year-earlier period. Adjusted per-share earnings came to 17 cents, ahead of the 12 cent FactSet consensus.

The company had a net loss of $28 million, or 4 cents a share, for the quarter, wider than the loss of $7 million, or 1 cent a share, posted in the year-earlier period. Adjusted per-share earnings came to 17 cents, ahead of the 12 cent FactSet consensus. Revenue fell 1% to $454 million from $460 million, but was also ahead of the $451 million FactSet consensus.

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