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IDT Corp (IDT.N)

IDT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

IDT says Chairman Jonas To Buy 2.5 Mln Shares of Class B Stock
Tuesday, 17 Apr 2018 

April 17 (Reuters) - IDT Corp ::IDT CORP - HOWARD JONAS HAS AGREED TO PURCHASE 2.5 MILLION SHARES OF CLASS B COMMON STOCK AT A PRICE PER SHARE OF $5.89.IDT CORP SAYS JONAS WILL PAY $1.5 MILLION OF PURCHASE PRICE WITHIN 10 DAYS OF EXECUTION OF DEFINITIVE AGREEMENT - SEC FILING.IDT CORP SAYS HAS AGREED TO PRESENT SHARES SALE MATTER TO ITS STOCKHOLDERS AT NEXT STOCKHOLDERS MEETING.IDT CORP SAYS REMAINDER OF PURCHASE PRICE WILL BE PAYABLE BY JONAS POST STOCKHOLDERS APPROVAL & SHARES WILL BE ISSUED UPON PAYMENT OF IN FULL.IDT CORP - BOARD APPROVED ARRANGEMENT WITH CHAIRMAN JONAS RELATED TO PURCHASE OF SHARES OF CLASS B COMMON STOCK BY HIM.  Full Article

IDT Commenced Implementation Of Internal Restructuring That Is Expected To Result In Reduction Of Global Employee Base By About 11 Pct
Friday, 13 Apr 2018 

April 13 (Reuters) - IDT Corp ::COMMENCED IMPLEMENTATION OF INTERNAL RESTRUCTURING THAT IS EXPECTED TO RESULT IN REDUCTION OF GLOBAL EMPLOYEE BASE BY APPROXIMATELY 11%.REDUCTION OF EMPLOYEE BASE WILL BE MAINLY IN CORE TELECOM DIVISION, AT CORPORATE LEVEL, AND WILL SPAN ACROSS CO'S GEOGRAPHIC LOCATIONS.AS OF APRIL 11, 2018, A MAJORITY OF IMPACTED EMPLOYEES HAD BEEN NOTIFIED OF TERMINATION OR RESIGNED.ANTICIPATES INCURRING SEVERANCE, RESTRUCTURING CHARGES FOR CASH EXPENDITURES IN AMOUNT OF ABOUT $4 MLN IN THIRD FISCAL QTR OF 2018 - SEC FILING.ANTICIPATES COST SAVINGS RESULTING DIRECTLY FROM RESTRUCTURING WILL BE IN RANGE OF ABOUT $9 MLN TO $11 MLN PER YEAR.IDT SAYS CANNOT ENSURE THAT HEADCOUNT REDUCTIONS WILL NOT HAVE MATERIAL NEGATIVE IMPACT ON OPERATIONS, REV, PROFITABILITY - SEC FILING.  Full Article

IDT Qtrly Non-GAAP EPS Of $0.01
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - IDT Corp ::QTRLY REVENUE OF $393.6 MILLION COMPARED TO $369.2 MILLION.QTRLY NON-GAAP EPS OF $0.01.- QTRLY LOSS PER SHARE $0.08.- EXPECT TO CONCLUDE SEPARATION AND DISTRIBUTION OF RAFAEL HOLDINGS TO SHAREHOLDERS IN Q1 OF CALENDAR 2018.  Full Article

Straight Path Communications says co entered into a settlement agreement and release with IDT Corp
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Idt Corp :Straight Path Communications - ‍on Oct 24, co entered into a settlement agreement and release with IDT Corp - SEC filing​.Straight Path Communications Inc - ‍IDT paid company an aggregate amount of $16 million in cash​.  Full Article

IDT Corp, Straight Path and others enters into settlement agreement
Friday, 27 Oct 2017 

Oct 26 (Reuters) - Idt Corp :IDT Corp says ‍on Oct 24, co, straight path, straight path's unit, among others entered into settlement agreement and release​ - SEC filing.IDT Corp - ‍consistent with previously announced term sheet, in exchange for mutual release, registrant paid SPCI an aggregate of $16 million in cash​.IDT - ‍consistent with announced term sheet, in exchange for mutual release, spci transferred to co majority ownership interest in straight path's unit.IDT Corp - ‍settlement agreement allocates $10 million of payment and retained interest right to settlement of claims and mutual release​.IDT Corp - ‍settlement agreement allocates $6 million to transfer of IP interest​.  Full Article

IDT reports Q4 EPS $0.48
Thursday, 29 Sep 2016 

Idt Corp : Q4 earnings per share $0.48 . Q4 non-GAAP earnings per share $0.50 . Revenue in 4Q16 was $368.1 million compared to $405.8 million. .Qtrly non-GAAP earnings per share $0.50.  Full Article

BRIEF-IDT Qtrly EPS Of $0.06

* IDT CORPORATION REPORTS SECOND QUARTER FISCAL YEAR 2018 RESULTS