The Clap
After going public in October, Mobileye (NASDAQ:MBLY) topped estimates for revenues and earnings during Q3 2022.
What
Mobileye recorded revenues of $450 million, beating the $447 million estimates, and recorded an adjusted EPS of 15 cents, higher than the expected 12 cents.
The company also provided a forecast for Q4 between $527 million and $545 million, higher than what analysts’ estimated.
So What
Mobileye saw its stock increase around 45% since its listing in October to reach upwards of $32 as of yesterday’s session.
Now What
Mobileye is currently valued at $24.45 billion, beating the target it had set prior to the IPO.
