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Otelco Inc. Reveals Decline In Q1 Earnings

Otelco Inc. (OTEL) reported earnings for first quarter that decreased from last year.

The company's profit totaled $2.22 million, or $0.64 per share. This compares with $2.28 million, or $0.66 per share, in last year's first quarter.

The company's revenue for the quarter fell 2.2% to $15.42 million from $15.76 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q1): $2.22 Mln. vs. $2.28 Mln. last year.
-EPS (Q1): $0.64 vs. $0.66 last year.
-Revenue (Q1): $15.42 Mln vs. $15.76 Mln last year.

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