11:19 AM EDT, 10/31/2024 (MT Newswires) -- Mobileye Global ( MBLY ) shares were more than 4% higher in recent Thursday trading after the company's Q3 revenue beat analyst estimates.

The company reported Q3 adjusted earnings of $0.10 per diluted share, compared with $0.22 a year earlier.

Analysts surveyed by Capital IQ expected $0.10 per share.

Revenue for the quarter ended Sept. 28 was $486 million, down from $530 million a year earlier.

Analysts surveyed by Capital IQ expected $467.6 million.

The company said it now expects 2024 revenue to range between $1.62 billion and $1.66 billion, compared with $1.60 billion to $1.68 billion anticipated previously.

Analysts surveyed by Capital IQ are expecting $1.63 billion.

Price: 12.88, Change: +0.46, Percent Change: +3.70