Mobileye Reports Second Quarter 2014 Earnings

On Thursday pre-market Mobileye MBLY released its second quarter 2014 financial results.

The company reported EPS in-line with analyst expectations, coming in at $0.05 per share.

Revenue for the second quarter was $33.7 million, topping estimates of $33.14 million by 1.7%.

The company generated $23.4 million in net cash from operating activities for the second quarter of 2014 compared to generating $4.7 million during the second quarter of 2013.

Shares of Mobileye recently traded at $45.25 down 3 percent pre-market Thursday.