IDT Q4 Adj $0.36 Down From $0.67 YoY, Sales $304.00M Down From $329.00M YoY
Portfolio Pulse from Benzinga Newsdesk
IDT Corporation (NYSE:IDT) reported Q4 earnings of $0.36 per share, a 46.27% decrease from the same period last year. Sales also decreased by 7.60% to $304.00 million compared to $329.00 million last year.
October 12, 2023 | 8:33 pm
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NEGATIVE IMPACT
IDT Corporation reported a significant decrease in both earnings per share and sales for Q4 compared to the same period last year.
The significant decrease in both earnings per share and sales indicates a negative financial performance for IDT Corporation. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100