IDT Corporation Reports Third Quarter Fiscal Year 2020 Results

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Go back to IDT Corporation Reports Third Quarter Fiscal Year 2020 Results

IDT Corp. (IDT) Reports Q3 EPS of $0.08 on Revenues of $321.3M

June 4, 2020 4:33 PM EDT

IDT Corp. (NYSE: IDT) reported Q3 EPS of $0.08, versus $0.20 reported last year. Revenue for the quarter came in at $321.3 million, versus $341.3 million reported last year.

3Q FY20 HIGHLIGHTS (Results are for 3Q20 and are compared to 3Q19)

In response to the COVID-19 pandemic, IDT employees world-wide safely transitioned to work from home.COVID-19 had a mixed financial impact during the quarter with BOSS Revolution customers making longer phone calls, sending an increased number of mobile top-ups, and executing more money remittances online. Conversely, sales originating through retailers and channel... More