Mobileye N.V. (NYSE: MBLY) reported its second-quarter financial results Thursday before the markets opened as $0.10 in earnings per share (EPS) on $52.8 million in revenue. The Thomson Reuters consensus estimates were $0.08 in EPS on $47.89 million in revenue.

Compared to the second quarter from last year, EPS doubled to its current level from $0.05. Revenue increased 57% from $33.65 million at the same time. Within total revenue, original equipment manufacturing revenue was $43.6 million, compared to $28.8 million in the prior-year period. After market revenue contributed the remaining $9.2 million of total revenue for the second quarter of 2015, compared to $4.9 million.

The company did not give any guidance for the third quarter but the consensus estimates are $0.11 in EPS on $57.69 million in revenue.

At the end of the quarter, Mobileye had cash and cash equivalents, restricted bank deposits and marketable securities of $422.2 million, compared to $426.2 million at the end of the first quarter. The company generated $22.8 million in free cash flow for the 2015 second quarter, compared to $20.0 million for the comparable 2014 quarter.

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Ziv Aviram, co-founder, president and CEO of Mobileye, commented on earnings:

The second quarter demonstrated continued strong performance, highlighted by new EyeQ3 launches and increased demand for existing programs. During the quarter, we saw further support for regulatory implementation of ADAS and continued customer interest in the adoption of autonomous driving. Looking forward, Mobileye will continue to develop innovative technologies to maintain our leadership position and benefit from the accelerating autonomous industry trends.

Shares of Mobileye closed Wednesday at $59.45, in a 52-week trading range of $31.11 to $63.17. In early trading on Thursday, shares of Mobileye were down 6.5% at $55.56. The stock has a consensus analyst price target of $66.00.

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