News

IDT posts 2nd-quarter profit of $4.1 million

NEWARK, N.J. (AP) _ IDT Corp. (IDT) on Thursday reported fiscal second-quarter profit of $4.1 million.

On a per-share basis, the Newark, New Jersey-based company said it had profit of 18 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The telecommunications company posted revenue of $382.5 million in the period.

IDT shares have increased 19 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.87, a fall of 36 per cent 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 http://www.zacks.com/ap/IDT

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Keywords: IDT, Earnings Report