Automotive house owners who need their automobiles to drive them round have been burned by years of overpromising by the auto business. There are not any really self-driving automobiles. Autonomous-driving expertise is getting higher, although, and it’s being adopted by extra auto makers.
Mobileye
International’s earnings and earnings steerage is proof.
Thursday, the provider of superior driver help {hardware} and software program reported better-than-expected fourth-quarter numbers.
Mobileye
(ticker: MBLY) introduced adjusted earnings per share of 27 cents on gross sales of $565 million. Wall Road was on the lookout for 17 cents a share on gross sales of $533 million.