10:24 AM EST - MTS Allstream Inc. : reported a slight decline in profit for the second quarter, reflecting the impact of the economic downturn on Allstream's operations and ongoing aggressive price competition from the main cable competitor in Manitoba. Further, the company raised its revenue outlook for fiscal 2010. For the quarter, net income was down to $28.2 million or $0.44 per share from $30.1 million or $0.47 per share in the previous year. Operating revenues for the three months dipped to $443.1 million from $452.8 million last year. MTS Allstream Inc.
shares T.MBT are trading down $1.82 at $25.50.
