Autobytel (ABTL) Tops Q3 EPS by 7c

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Go back to Autobytel (ABTL) Tops Q3 EPS by 7c

Autobytel Reports Record Third Quarter 2015 Results

November 5, 2015 4:17 PM EST

IRVINE, Calif., Nov. 05, 2015 (GLOBE NEWSWIRE) -- Autobytel Inc. (NASDAQ: ABTL), a leading provider of online automotive services connecting consumers with dealers, reported financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Highlights vs. Year-Ago Quarter

Total revenues increased 47% to a record $40.2 millionAdvertising revenues increased 194% to $3.2 millionNet income increased 44% to $1.6 million or $0.14 per diluted shareNon-GAAP income increased 103% to a record $5.2 million or $0.45 per diluted share

Management Commentary

This record third quarter was driven by our higher-margin advertising segment... More