Shares of Tucows Inc (AMEX:TCX) Climb 10 Percent on Word of Record 1Q Results
Tucows Inc. (AMEX: TCX) shares jumped 10 percent, or 9 cents to $.99 today, moving on volume of 647,000, creeping toward its 52-week high of $1.00 in mid-afternoon trading. The Internet services provider announced its first-quarter financials yesterday, reporting a 16 percent increase in year-over-year net revenue, with record results of $17.8 million, up from $15.3 million for the three months ended March 31, 2006. "The first quarter of 2007 was highlighted by another solid financial performance," said Elliot Noss, president and CEO of Tucows Inc. in a statement. "We continue to grow our business by using our wholesale channel…