NEW YORK Shares of PurchasePro.com rose after the company posted its first quarter in the black. February 12 PurchasePro posted fourth quarter cash earnings of $7.6 million, or $0.11 per share, excluding non-cash charges and a one-time gain. PurchasePro shares were recently up $1.70, or 10.7%, to $17.63 on Nasdaq volume of 9.6 million shares compared with average daily volume of 4.6 million shares.
The company said its revenue rose 94% to $33.6 million from the third quarter. For the full year, PurchasePro recorded revenue of $65 million, up significantly from 1999 numbers. (2/13/01)