IDT: Fiscal 1Q Earnings Snapshot
NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Tuesday reported a loss of $1.5 million in its fiscal first quarter.
On a per-share basis, the Newark, New Jersey-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs and stock option expense, were 2 cents per share.
The telecommunications company posted revenue of $362.3 million in the period.
IDT shares have declined 31 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.31, a drop of 53 percent in the last 12 months.