Mobileye's third-quarter revenue beats expectations

Driver assistance system supplier Mobileye announced that its revenue in the third quarter of this year was $486 million, higher than the expected $472.1 million; after adjustment, Mobileye's earnings per share were 10 cents, in line with expectations. Mobileye raised its full-year revenue forecast from $1.6 billion to $1.68 billion to $1.62 billion to $1.66 billion.