News Around The Bulletin Boards
Companies’ earnings reports often generate a buzz in the marketplace whether the reports provide positive results or potentially downward pointing earnings. Commerce Planet Inc. (OTCBB: CPNE) reported preliminary revenues and operating income for the second quarter of 2007. Profits are believed to have increased by 48 to 55 percent year over year and generated an increase in the company’s share price of 7 cents, or 9 percent, to 89 cents on the day. In other earnings news, Fremont Michigan InsuraCorp Inc. (OTCBB: FMMH) earnings didn’t have quite the same effect as Commerce Planet. The earnings report drove the company’s price…