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Mobileye beats Q1 revenue estimates

Apr 25, 2024 3:50 AM

April 25 (Reuters) - Self-driving technology firm

Mobileye Global ( MBLY ) beat market expectations for quarterly

revenue on Thursday as it benefited from higher orders for its

driver assistance chips amid a wave of investment in automation

by carmakers.

The company reported first-quarter revenue of $239 million,

compared with analysts' average estimate of $231.6 million,

according to LSEG data.

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