IDT Q2 EPS $0.67 Up From $0.62 YoY, Sales $296.10M Down From $313.94M YoY
Portfolio Pulse from Benzinga Newsdesk
IDT reported a Q2 EPS of $0.67, up 8.06% from $0.62 YoY, but sales decreased 5.68% to $296.10M from $313.94M YoY.
March 07, 2024 | 3:03 am
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NEUTRAL IMPACT
IDT's Q2 earnings report shows an increase in EPS by 8.06% YoY but a decrease in sales by 5.68% YoY.
The mixed results with an increase in EPS and a decrease in sales could lead to neutral market sentiment towards IDT in the short term. The growth in earnings per share is positive, but the decline in sales may raise concerns about revenue growth and market demand.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100