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Benzinga
Benzinga
Business
Anusuya Lahiri

Autonomous Driving Player Mobileye Stock Drops Despite Raising Outlook, Margin Growth

Mobileye Intel Corporation
Las,Vegas,,Nv,1-8-2025:,Volkswagen,And,Mobileye,Collaborated,To,Present

Mobileye Global (NASDAQ: MBLY) stock gained in the premarket session on Thursday after it reported its fiscal second-quarter 2025 results. Soon, the stock gave up all gains and fell 6%.

The Intel (NASDAQ:INTC) spinoff autonomous firm reported a quarterly revenue growth of 15% year-on-year to $506.00 million, beating the analyst consensus estimate of $463.26 million. 

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