Commerce Energy (AMEX:EGR) Releases 3Q Results
Leading electricity and natural gas marketing company Commerce Energy Group Inc. (AMEX: EGR) recently released its third-quarter financial results and news on a multi-million dollar settlement of its arbitration with American Communications Network Inc. (ACN).The company reported its net income for the third-quarter ended April 30, 2007, increased to $1.5 million, up from $1 million for the same period last year; gross profit rose to $17.6 million from $8.1 million the same period last year, including income that resulted from a $5.1 million settlement payment from APX Inc. "Our third-quarter operating performance, excluding the impact of the APX and ACN…