NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Thursday reported fiscal second-quarter profit of $932,000.
The Newark, New Jersey-based company said it had net income of 4 cents per share. Earnings, adjusted for stock option expense and severance costs, were 11 cents per share.
The telecommunications company posted revenue of $323.9 million in the period.
IDT shares have risen 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.65, an increase of 29% in the last 12 months.