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.