| 07:02 | MBLY Mobileye N.V. beats by $0.02, beats on revs (46.12 ) |
| Reports Q4 (Dec) earnings of $0.22 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.20; revenues rose 45.7% year/year to $104.6 mln vs the $96.36 mln Capital IQ Consensus. Within total revenue, original equipment manufacturing (OEM) revenue was $77.5 million, compared to $61.2 million in the prior-year period. EyeQ chip volume increased to 1,679 thousand units, compared to 1,308 thousand units in the prior-year period. EyeQ Average Selling Price (ASP) per unit for the fourth quarter of 2016 was $45.5, up from $44.7 during the same period last year. After market (AM) revenue contributed the remaining $27.0 million of total revenue for the fourth quarter of 2016, compared to $10.6 million in the prior-year period."Strategically, we maintained our leadership position and extended visibility for Advanced Driver Assistance System technology with 12 new program wins across 11 automakers. The Aftermarket division more than doubled revenue in 2016 and we expect continued growth in 2017. Finally, our expanded product portfolio matched very well to customer demand for future vehicle technology, leading to five Level 3 and five Level 4 autonomous vehicle production program wins plus definitive REM™ mapping agreements with Volkswagen and BMW." |
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