Mobileye lowers annual operating loss outlook after quarterly revenue beat

:Mobileye Global said on Thursday it expects a smaller operating loss for the full year as resilient demand for the company's driver-assistance technology helped it report a better-than-expected quarterly revenue.Mobileye, which counts BMW, Nissan and Volkswagen among its customers, benefited from strong demand for its technology in North America and Europe, which helped offset weakness in China.

"Future business highlights of the quarter included tangible evidence of the depth of our relationship with VW Group and an expansion of meaningful engagements for our advanced portfolio to 9 large OEMs," CEO Amnon Shashua said.

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