Otelco Inc. Q3 Income Falls 39%

(RTTNews) - Otelco Inc. (OTEL) released a profit for third quarter that fell from last year.

The company said its bottom line totaled $1.13 million, or $0.33 per share. This was lower than $1.85 million, or $0.56 per share, in last year's third quarter.

The company said revenue for the quarter fell 2.6% to $17.39 million. This was down from $17.85 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q3): $1.13 Mln. vs. $1.85 Mln. last year. -Earnings Decline (Y-o-Y): -38.9% -EPS (Q3): $0.33 vs. $0.56 last year. -EPS Decline (Y-o-Y): -41.1% -Revenue (Q3): $17.39 Mln vs. $17.85 Mln last year. -Revenue Change (Y-o-Y): -2.6%