Otelco Inc. Reveals 20% Fall In Q2 Bottom Line

(RTTNews) - Otelco Inc. (OTEL) reported earnings for second quarter that lost ground from last year.

The company said its bottom line fell to $1.32 million, or $0.39 per share. This was down from $1.66 million, or $0.50 per share, in last year's second quarter.

The company said revenue for the quarter fell 3.7% to $17.23 million. This was down from $17.89 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q2): $1.32 Mln. vs. $1.66 Mln. last year. -Earnings Decline (Y-o-Y): -20.5% -EPS (Q2): $0.39 vs. $0.50 last year. -EPS Decline (Y-o-Y): -22.0% -Revenue (Q2): $17.23 Mln vs. $17.89 Mln last year. -Revenue Change (Y-o-Y): -3.7%