Autobytel, Inc. (NASDAQ: ABTL) Announces Second Quarter 2008 Financial Results and Shares Fall to Multi-Year Low
Autobytel, Inc. (NASDAQ: ABTL), a leading Internet automotive marketing services company, recently announced the company’s results for the second quarter ending June 30, 2008. Shares fell to a multi-year low earlier this week after the company released the news of a net loss of $57.3 million, or $1.30 per share, for the second quarter, compared with a net loss of $2.0 million, or $0.05 per share, during the same period one year earlier. According to the president and chief executive officer, Jim Riesenbach, the company made significant progress in respect to removing costs and creating a more streamlined infrastructure during…