Why Mobileye (MBLY) Stock Is Declining Today

NEW YORK (TheStreet) -- Mobileye (MBLY) shares are down -1.3% to $46.25 on Thursday after reporting second quarter net income of $0.2 million, breaking even for the quarter, that was ahead of analysts expectations but well below the $4 million, or 2 cents per share, the company earned in the second quarter last year.

On a non-GAAP basis, the company reported earnings of 5 cents per diluted share, 1 cent better than analysts expectations, while revenue increased 91% to 33.7 million, also ahead of analysts $33.1 million expectations.

Analysts at Morgan Stanley recently speculated that the camera based advanced driver systems company's stock could reach as high as $100 by 2020.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

MBLY Chart MBLY data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

More from Markets

Stocks Lose Steam as Yields Hover Near 3% Threshold

Stocks Lose Steam as Yields Hover Near 3% Threshold

Here Are the 3 Biggest Market Movers Monday

Here Are the 3 Biggest Market Movers Monday

Learn Options Trading from the Najarian Brothers, the Best in the Business

Learn Options Trading from the Najarian Brothers, the Best in the Business

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)