AP NEWS

IDT: Fiscal 3Q Earnings Snapshot

June 5, 2019

NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Wednesday reported fiscal third-quarter net income of $3.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Newark, New Jersey-based company said it had net income of 15 cents. Earnings, adjusted for severance costs and stock option expense, came to 20 cents per share.

The telecommunications company posted revenue of $341.3 million in the period.

IDT shares have climbed almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.35, an increase of 20% in the last 12 months.

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