Autobytel.com Expects to Outpace Predictions

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.