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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (159)	3/23/2002 8:34:33 AM
From: 2MAR$	Respond to of 238

jan 22 : FMKT ($18-$29) PE=-3.70 Cap=$1.1Bil drives past Q4 estimates Erases year-ago deficit, turns cash-flow profit stockcharts.com[h,a]daclyiay[pc5!c20!f][vc60][iut!Lh5,5!La12,26,9]&pref=G By David B. Wilkerson, CBS.MarketWatch.com Last Update: 5:44 PM ET Jan. 22, 2002 PITTSBURGH (CBS.MW) -- Shares of e-sourcing software developer FreeMarkets Inc. advanced Tuesday evening after the company reported a fourth-quarter profit that erased a year-earlier deficit and exceeded expectations, and said it has reached cash-flow profitability for the first time. Free! Sign up here to receive the Real Estate Weekly e-newsletter! Create an alert for FMKT Add FMKT to my portfolio Discuss FMKT NEWS FOR FMKT Tim Koogle selling much of his Yahoo stake Hot, cold spots on the Net;PayPal hits $1 bln mkt cap Stocks to watch: Amgen, Corning, Siebel Systems More news for FMKT Quote & NewsChartsFinancialsAnalystsOptionsSEC Filings Quote delayed 20 minutes. Disclaimer FreeMarkets also said first-quarter earnings will represent a slight improvement over previous forecasts. Shares (FMKT: news, chart, profile) rose 20 cents to $18.51 on the Island ECN after giving back $1.25 in the regular Nasdaq session. Profit from operations rose to $3.9 million, or 9 cents a share, compared with a loss of $10.4 million, or 27 cents, in the year-ago period. Analysts polled by Thomson Financial/First Call were looking for a per-share profit of 6 cents in the latest quarter. Revenue climbed to $44.8 million from $34.5 million. FreeMarkets also said it now sees first-quarter earnings amounting to 3 to 5 cents a share, compared to the average analyst estimate of 1 cent. During the period, more than 3,000 new suppliers bid on contracts through FreeMarkets, the company said. Though it became cash-flow positive in the December period, FreeMarkets says cash flow "will be negative in the first quarter due to the timing of annual bonus payments, and expects to return to positive cash flow in the second quarter." David B. Wilkerson is a reporter for CBS.MarketWatch.com in San Francisco.