Freemarkets

(FMKT)

said it could earn as much as 9 cents a share in the fourth quarter because of several contract renewals.

The Pittsburgh auction software company raised its fourth-quarter earnings guidance to 5 cents to 9 cents a share. Analysts had been predicting the company would earn 1 cent or 2 cents a share in the period.

Freemarkets expects fourth-quarter revenues of $44.7 million to $46.7 million.