Otelco Inc. Q3 Profit Rises 33%

(RTTNews) - Otelco Inc. (OTEL) released earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line rose to $1.85 million, or $0.56 per share. This was higher than $1.39 million, or $0.44 per share, in last year's third quarter.

The company said revenue for the quarter fell 3.1% to $17.85 million. This was down from $18.42 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q3): $1.85 Mln. vs. $1.39 Mln. last year. -Earnings Growth (Y-o-Y): 33.1% -EPS (Q3): $0.56 vs. $0.44 last year. -EPS Growth (Y-o-Y): 27.3% -Revenue (Q3): $17.85 Mln vs. $18.42 Mln last year. -Revenue Change (Y-o-Y): -3.1%