IDT: Fiscal 4Q Earnings Snapshot
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.