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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Autobytel.com Expects to Outpace Predictions

September 16, 2000|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.

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