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Mobileye (MBLY) Stock Falls Despite Q1 Earnings, Revenue Beat

NEW YORK (TheStreet) -- Mobileye (MBLY - Get Report) stock is sliding by 2.85% to $35.50 in pre-market trading on Thursday, despite the company reporting 2016 first quarter earnings and revenue that came in above analysts' expectations.

Before the market open, the company reported adjusted earnings of 15 cents per share, above analysts' estimates for 14 cents per share.

Revenue was $75.2 million for the most recent period, beating analysts' estimates for $73.3 million.

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