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Otelco Inc. Q2 Profit Rises

Otelco Inc. (OTEL) released earnings for its second quarter that rose from last year.

The company's profit totaled $2.91 million, or $0.85 per share. This compares with $1.54 million, or $0.45 per share, in last year's second quarter.

The company's revenue for the quarter fell 3.0% to $16.89 million from $17.41 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q2): $2.91 Mln. vs. $1.54 Mln. last year.
-EPS (Q2): $0.85 vs. $0.45 last year.
-Revenue (Q2): $16.89 Mln vs. $17.41 Mln last year.

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