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Mobileye profit misses consensus by 43.9% in Q2

Mobileye NV said its normalized net income for the second quarter was 5 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS decreased 44.2% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.1 million, a gain of 313.6% from $2.7 million in the year-earlier period.

The normalized profit margin rose to 21.0% from 8.0% in the year-earlier period.

Total revenue increased 57.0% on an annual basis to $52.8 million from $33.7 million, and total operating expenses grew 19.2% on an annual basis to $35.8 million from $30.0 million.

Reported net income increased 47,467.4% on an annual basis to $14.3 million, or 6 cents per share, from $30,000, or 0 cents per share.