IDT Q3 Adj $0.38 Down From $0.46 YoY, Sales $299.60M Up From $299.30M YoY
Portfolio Pulse from Benzinga Newsdesk
IDT Corporation (NYSE:IDT) reported Q3 earnings of $0.38 per share, a 17.39% decrease from $0.46 per share YoY. Sales increased slightly to $299.60 million from $299.30 million YoY.
June 05, 2024 | 8:33 pm
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IDT Corporation reported a 17.39% decrease in Q3 earnings per share to $0.38, while sales increased marginally to $299.60 million.
The significant drop in earnings per share (17.39%) is likely to negatively impact investor sentiment, despite the slight increase in sales. This could lead to a short-term decline in the stock price.
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