Able Auctions (AAC) Shares Jump on Q2 Guidance
Ableauctions.com (AMEX: AAC) shares were up 17 percent, to 22 cents, on volume of 1,633,800 yesterday. The movement follows the company's news yesterday morning that it will release its second-quarter results for 2007 during the week of August 13, 2007.Ableauctions.com provides online services and technology to auction houses and retailers around the globe. The technology allows for auctioning services from product listing to real-time online auctioning. In the statement, the high-tech liquidator and online auction facilitator said it expects revenues for the second quarter to increase more than 75 percent from the first quarter of the year. "Revenues from our…