beat analysts' fourth-quarter estimates by 4 cents, as revenue for the period rose sharply from last year.

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Excluding stock-based compensation expenses and noncash acquisition costs, the company lost $10.4 million, or 27 cents a share. Wall Street expected a loss of 31 cents a share, according to

First Call/Thomson Financial

. In the year-ago fourth quarter, FreeMarkets posted a loss of $7.9 million, or 41 cents a share.

The business-to-business online auction company, which is based in Pittsburgh, posted revenue of $34.5 million in the fourth quarter, up sharply from $7.8 million a year ago.