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.

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MBLY Chart MBLY data by YCharts

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