AutoWeb: 3Q Earnings Snapshot
IRVINE, Calif. (AP) _ AutoWeb Inc. (AUTO) on Thursday reported a third-quarter loss of $18 million, after reporting a profit in the same period a year earlier.
The Irvine, California-based company said it had a loss of $1.41 per share. Losses, adjusted for asset impairment costs and stock option expense, were 19 cents per share.
The provider of marketing services for automakers and dealers posted revenue of $31.7 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $2.26. A year ago, they were trading at $7.57.