Mobileye reports Q3 adjusted EPS 10c, consensus 9c

Reports Q3 revenue $486M, consensus $472.14M. “We continue to focus on our core strategic objectives for the next two years, which include maintaining and growing our ADAS position outside of domestic China, deepening the relationship with our top 10 customers through advanced product design wins, and executing our EyeQTM6-based set of advanced products that leverage historic Mobileye (MBLY) competitive advantages augmented by novel AI approaches,” said CEO Amnon Shashua. “While the near-term growth environment remains challenging, our objectives are focused on medium- and long-term opportunities and we expect those to become more evident in the coming months.”