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Otelco Inc. Reveals Drop In Q2 Bottom Line

Otelco Inc. (OTEL) announced earnings for second quarter that decreased from the same period last year.

The company's earnings came in at $1.72 million, or $0.50 per share. This compares with $2.91 million, or $0.85 per share, in last year's second quarter.

The company's revenue for the quarter fell 7.3% to $15.66 million from $16.89 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q2): $1.72 Mln. vs. $2.91 Mln. last year.
-EPS (Q2): $0.50 vs. $0.85 last year.
-Revenue (Q2): $15.66 Mln vs. $16.89 Mln last year.

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