|
|
Article: Autobytel.com Reports Record Financial Results in Third Quarter.
- Article from:
- PR Newswire
- Article date:
- October 28, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Revenue Increases By 64 Percent, Car Requests By 75 Percent
IRVINE, Calif., Oct. 28 /PRNewswire/ -- Autobytel.com (Nasdaq: ABTL), the global leader in automotive e-commerce and services, today announced financial results for the third quarter and nine months ended September 30, 1999.
Revenue for the quarter rose to $10.6 million, a 64 percent increase over revenue of $6.5 million in the same quarter a year ago, and a 15 percent increase over revenue of $9.2 million in the second quarter of 1999.
In the third quarter, the Company recorded a one-time expense of $0.6 million related to the termination of the agreement to acquire W.G. Nichols, Inc. ...