Autobytel.com Expects to Outpace Predictions
- Share via
Dow Jones
Autobytel.com Inc. said Friday that it expects third-quarter and annual earnings per share to be slightly better than analysts’ expectations. The Irvine online automotive broker said in a news release that it expects 65%-70% revenue growth for both the third quarter and the year. At the end of the year, it expects its cash balance to be $80 million to $85 million. Last year, Autobytel lost $23.3 million, or $1.48 a share, on revenue of $40.3 million.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.