IDT Corp. (IDT) Tops Q1 EPS by 4c
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Chardan Capital Bumps PT on IDT (IDT) to $18; Money Remittance Business Remains Key Growth Driver
December 10, 2014 11:20 AM ESTChardan Capital boosts its price target on IDT Corp. (NYSE: IDT) from $17 to $18 and maintains a Neutral rating on the stock following Q1 results.
Analyst Jay Srivatsa summarized:
IDT reported Q1:15 revenues of $412.9 million and non-GAAP EPS of $0.46. Revenues was shy of consensus estimate of $415 million while EPS was better than consensus by $0.04. Gross margins dropped by 30 bps sequentially to 16.7%.
Q1:15 TPS sales declines and IDT... More
