Otelco Inc. Reports 96% Rise In Q4 Profit

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

The company said its bottom line climbed to $1.84 million, or $0.54 per share. This was higher than $0.94 million, or $0.29 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 2.5% to $17.72 million. This was down from $18.18 million last year.

Otelco Inc. earnings at a glance:

-Earnings (Q4): $1.84 Mln. vs. $0.94 Mln. last year. -Earnings Growth (Y-o-Y): 95.7% -EPS (Q4): $0.54 vs. $0.29 last year. -EPS Growth (Y-o-Y): 86.2% -Revenue (Q4): $17.72 Mln vs. $18.18 Mln last year. -Revenue Change (Y-o-Y): -2.5%