Mobileye N.V. (NYSE: MBLY) released its third-quarter earnings report before the markets opened on Tuesday. The company had $0.15 in earnings per share (EPS) on $70.6 million in revenue, which compares to Thomson Reuters consensus estimates of $0.13 in EPS on $67.36 million in revenue. The same period from the previous year had $0.04 in EPS on $34.68 million in revenue.
Within total revenue, original equipment manufacturing (OEM) revenue was $60.8 million, compared to $28.8 million last year. At the same time, after market revenue contributed the remaining $9.8 million of total revenue for the third quarter of 2015 compared to $5.9 million a year ago.
On the books, Mobileye had cash, equivalents, restricted bank deposits and marketable securities totaling $182.50 million, compared to $375.09 million at the end of December 2014.
Ziv Aviram, co-founder, president and CEO of Mobileye, commented on earnings:
Our third quarter results highlight the growing interest from OEMs, consumers and regulatory agencies to include advanced safety features in vehicles. 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. Our commitment to innovation, ability to add successful program launches and provide best-in-class technologies for autonomous driving further strengthens our leadership in the ADAS and autonomous driving market.
Shares of Mobileye closed Monday at $45.54, with a consensus analyst price target of $73.00 and a 52-week trading range of $32.41 to $64.48. Following the release of the earnings report, shares were initially up about 4% at $47.35 in early trading indications.
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