India, July 23 -- On Thursday, Mobileye Global, Inc. (MBLY), an Israeli company for autonomous driving technologies, reported narrow loss for the second quarter due to reduced expenses, especially in Research and Development. Furthermore, the company raised its full year guidance for fiscal 2026.
On Nasdaq, the shares were trading 7.06 percent lower at $8.16.
Net loss for the period dropped to $21 million, from loss of $47 million in the previous year. Loss per share narrowed to $0.03, from $0.08 in the same quarter last year.
Adjusted net income, on the other hand, was $155 million or $0.19 per share, while it was $102 million or $0.13 in the previous year.Research and development expenses decreased to $207 million, from $287 million a ...