Otelco Inc. Reveals 18% Retreat In Q1 Profit

(RTTNews) - Otelco Inc. (OTEL) reported earnings for first quarter that lost ground compared to the same period last year.

The company said its profit dropped to $1.75 million, or $0.52 per share. This was lower than $2.14 million, or $0.65 per share, in last year's first quarter.

The company said revenue for the quarter fell 0.9% to $17.49 million. This was down from $17.64 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q1): $1.75 Mln. vs. $2.14 Mln. last year. -Earnings Decline (Y-o-Y): -18.2% -EPS (Q1): $0.52 vs. $0.65 last year. -EPS Decline (Y-o-Y): -20.0% -Revenue (Q1): $17.49 Mln vs. $17.64 Mln last year. -Revenue Change (Y-o-Y): -0.9%