NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Thursday reported fiscal third-quarter profit of $518,000.
On a per-share basis, the Newark, New Jersey-based company said it had net income of 2 cents. Earnings, adjusted for stock option expense and severance costs, came to 8 cents per share.
The telecommunications company posted revenue of $321.3 million in the period.
IDT shares have dropped almost 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.80, a rise of 4.5% in the last 12 months.