AP NEWS

IDT: Fiscal 4Q Earnings Snapshot

October 9, 2018

NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Tuesday reported fiscal fourth-quarter net income of $8.2 million, after reporting a loss in the same period a year earlier.

The Newark, New Jersey-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, were 40 cents per share.

The telecommunications company posted revenue of $392.6 million in the period.

For the year, the company reported profit of $4.2 million, or 17 cents per share. Revenue was reported as $1.55 billion.

IDT shares have dropped 50 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.29, a decrease of 60 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDT at https://www.zacks.com/ap/IDT

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