GTC Telecom Narrows Losses in 2nd Quarter

GTC Telecom Corp., a Costa Mesa provider of long-distance telephone service, narrowed its losses for the second fiscal quarter. GTC said it lost $538,561, or 3 cents a share, for the three months ended Dec. 31, compared with a net loss of $1.9 million, or 11 cents a share, for the same period a year earlier. Revenue rose to $3.5 million from $722,291.