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Mobileye raises full-year outlook after second-quarter earnings beat (NASDAQ:MBLY)
InvestorsHub58d agobullish
Mobileye raises full-year outlook after second-quarter earnings beat (NASDAQ:MBLY)

Mobileye Global (NASDAQ:MBLY) shares surged nearly 10% in premarket trading on Thursday after the autonomous driving technology company reported second-quarter earnings well above Wall Street expectations and increased its revenue and profit guidance for the full year. The stronger outlook was supported by solid operational performance and the financial benefits of Israel’s new research and development incentive programme.