Mobileye Global reports mixed Q4 earnings, revenue grows 59% year-over-year

Yahoo Finance Live anchors discuss fourth-quarter earnings for self-driving company Mobileye Global.

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BRAD SMITH: Also here, we're taking a look at Mobileye this morning. Mobileye Global, ticker symbol MBLY. Do they have an alibi?

Well, shares are up by about 2.2%, so seems so. Reporting some mixed earnings, though, for the fourth quarter, as the supplier of advanced driver assistance hardware and software saw revenue growth 59% year-over-year here for Mobileye. And as I mentioned, shares still holding on to some gains, although, it was a mixed bag on earnings.

JULIE HYMAN: So Mobileye is one of the businesses that was spun out of Intel. And I wonder, looking at these results this morning, is Intel happy it no longer owns Mobileye or sad it no longer owns Mobileye? This is the second quarter that the company has reported as a public company here. It had a pretty successful IPO, so it's just interesting to see this. Well, it was a company that had spun off, but it had--

BRIAN SOZZI: Intel acquired it. It acquired as a play on autonomous technology. Mobileye is seen as a lead here. But I think Intel is happy to have sent Mobileye packing. Now, great executives at Mobileye, they have done some really good things. But for Intel, it is about just focusing on what they're supposed to be doing, making great chips and taking it to AMD.

BRAD SMITH: Well, it's also a question of how much they might have needed the cash. And in order to put Mobileye into the equity market and with that spin off, Intel was going to be able to cash in on that investment that they made years ago as well. And so needing that cash to infuse it back into some of their own investment projects, to build out the next leg of some of the fabrication that they would like to do for chips, I think it just goes to show how much they had already realized that they needed some of that money, and we're going to need to reinvest it back into their business.

JULIE HYMAN: Yeah. And it looks like the shares here kind of bounced. They were up. Weren't they up 3% just a second ago?

Now it looks like they're bouncing between gains and losses. But again, it does show that when you look across the tech industry, when you look across semiconductors and other types of technologies, there are some that are seeing this sort of long-term tailwinds, right? And definitely sort of autonomy, automotive, AI are some of those areas where we're seeing that.