U.S. Markets closed

IDT posts 2Q profit

NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Monday reported fiscal second-quarter earnings of $875,000.

The Newark, New Jersey-based company said it had net income of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 27 cents per share.

The telecommunications company posted revenue of $367.6 million in the period.

IDT shares have climbed slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.59, an increase of 35 percent 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


Keywords: IDT, Earnings Report