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PurchasePro reports better than expected results

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Las Vegas--PurchasePro.com Inc. reported a narrower-than-expected loss for the fourth quarter. The company posted a net loss of $36.8 million, compared with $57.8 million in the fourth quarter of 1999. Revenues shot up to $33.6 million, from $2.7 million a year earlier. PurchasePro.com's winning streak is due in part to its co-marketing deal with New York-based AOL Time Warner Inc., which considerably extended PurchasePro.com's brand and user base.
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