NEW YORK (TheStreet) -- Mobileye (MBLY) stock is advancing by 3.75% to $47.25 in early morning trading on Tuesday, following the release of the company's 2015 third quarter financial results. 

The developer of camera-based advanced driver assistance systems reported earnings of 15 cents per share, up from 4 cents per share for the year ago period. 

Revenue increased by 104% year over year, to $70.65 million from $34.68 million for the 2014 third quarter.

Analysts surveyed by Thomson Reuters had forecast for earnings of 13 cents per share on $67.36 million in revenue.

"Our third quarter results highlight the growing interest from [original equipment manufacturers], consumers and regulatory agencies to include advanced safety features in vehicles," CEO Ziv Aviram said in a statement. "We launched new programs with autonomous emergency braking, a feature being standardized around the world, and recently released semantic free-space and holistic path prediction, the most innovative vision technologies for road scene interpretation."

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio commented on Mobileye saying: "Given the strong auto sales, I was hoping for a blow out and I didn't get it. That's just not enough to be able to move the needle on an extremely pricey stock based on the high price to earnings multiple."

Separately, TheStreet Ratings team rates MOBILEYE NV as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate MOBILEYE NV (MBLY) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its premium valuation and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: MBLY

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