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IDT: Fiscal 4Q Earnings Snapshot

NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Thursday reported fiscal fourth-quarter profit of $1.6 million.

On a per-share basis, the Newark, New Jersey-based company said it had net income of 6 cents. Earnings, adjusted for one-time gains and costs, came to 15 cents per share.

The telecommunications company posted revenue of $356.1 million in the period.

For the year, the company reported profit of $134,000, or 1 cent per share. Revenue was reported as $1.41 billion.

IDT shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.97, a rise of nearly 8% 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