EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: 2MAR$ who wrote (338)	10/17/2000 6:49:11 PM
From: 2MAR$	Read Replies (1) of 762

PPRO beats estimates, sees profitability in 4Q By Larry Barrett ZDII PurchasePro.com posted a smaller-than-expected loss in its third quarter Tuesday, losing $4.7 million, or 7 cents a share, on sales of $17.3 million. It also said it expects to reach profitability in the fourth quarter. First Call Corp. consensus expected the e-commerce software and services provider to lose 17 cents a share in the quarter. Ahead of the earnings report, PurchasePro.com (Nasdaq: PPRO) shares fell $4.50 to $40.25. In the year-ago quarter, PurchasePro.com lost $3.7 million, or 12 cents a share, on sales of $1.7 million.

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