Otelco Inc. Reveals 48% Drop In Q4 Profit

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

The company said its bottom line came in at $0.95 million, or $0.27 per share. This was down from $1.84 million, or $0.54 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 5.0% to $16.83 million. This was down from $17.72 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q4): $0.95 Mln. vs. $1.84 Mln. last year. -Earnings Decline (Y-o-Y): -48.4% -EPS (Q4): $0.27 vs. $0.54 last year. -EPS Decline (Y-o-Y): -50.0% -Revenue (Q4): $16.83 Mln vs. $17.72 Mln last year. -Revenue Change (Y-o-Y): -5.0%