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IDT: Fiscal 2Q Earnings Snapshot

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.


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