Mobileye (MBLY) Q4 Earnings & Revenues Surpass Estimates

Mobileye Global Inc. (MBLY) registered fourth-quarter 2023 adjusted earnings per share of 28 cents, outpacing the Zacks Consensus Estimate and the year-ago quarter’s figure of 27 cents. Total revenues amounted to $637 million, up 13% year over year, beating the Zacks Consensus Estimate of $636 million.FinancialsMobileye’s gross margin in the fourth quarter of 2023 increased 91 basis points from the prior-year period, driven by reduced costs related to the amortization of intangible assets as a percentage of ...