IDT Corp. (IDT) Tops Q3 EPS by 10c

IDT Corp. (NYSE: IDT) reported Q3 EPS of $0.43, $0.10 better than the analyst estimate of $0.33. Revenue for the quarter came in at $383.9 million versus the consensus estimate of $390 million. IDT has declared a dividend of $0.18 per share for the third quarter of fiscal 2015.

Shmuel Jonas, IDT’s Chief Executive Officer, said, “We generated $13.6 million in Adjusted EBITDA during the third quarter led by strong performance in our Telecom business. That is a $0.3 million increase from the year ago quarter, and a $5.6 million improvement from the prior quarter, despite the fact that the third quarter is three days shorter than the second. In fact, we achieved the highest level of Adjusted EBITDA since before our spin-off of Genie Energy in 2011.​ Moreover, some of the factors driving our Adjusted EBITDA growth should remain impactful going forward. Zedge also had another good quarter, with robust year over year revenue growth and increases in both its user base and revenue per user.”

For earnings history and earnings-related data on IDT Corp. (IDT) click here.

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