IDT Q1 Adj EPS $0.32 Down From $0.43 YoY, Sales $301.20M Down From $321.82M YoY
Portfolio Pulse from Benzinga Newsdesk
IDT Corporation reported a decrease in Q1 adjusted EPS to $0.32 from $0.43 YoY and a 6.40% drop in sales to $301.20M from $321.82M YoY.
December 04, 2023 | 9:47 pm
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NEGATIVE IMPACT
IDT Corporation's Q1 earnings and sales have declined compared to last year, indicating potential negative investor sentiment.
The reported decrease in both earnings per share and sales suggests that IDT Corporation may face negative investor sentiment in the short term, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100