PurchasePro.com 3Q Results Beat Estimates

PurchasePro.com(PPRO Quote) reported a narrower-than-expected third-quarter loss.

The company, a provider of Internet business-to-business electronic commerce services, said the third-quarter loss, excluding noncash charges, was $4.7 million, or 7 cents a share, compared with a loss of $3.7 million, or 12 cents a share, a year ago. According to a First Call/Thomson Financial survey, 10 analysts expected the company to post a loss of 17 cents a share.

The company recorded $17.3 million in revenue for the quarter, about 10 times the $1.7 million in sales it generated in the year-ago period.