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IDT: Fiscal 3Q Earnings Snapshot

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.

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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