Edition:
United States

IDT Corp (IDT.N)

IDT.N on New York Stock Exchange

11.47USD
8 Dec 2017
Change (% chg)

$0.51 (+4.65%)
Prev Close
$10.96
Open
$11.35
Day's High
$11.72
Day's Low
$11.08
Volume
122,000
Avg. Vol
54,167
52-wk High
$22.78
52-wk Low
$10.48

Latest Key Developments (Source: Significant Developments)

IDT Qtrly Non-GAAP EPS Of $0.01
Tuesday, 5 Dec 2017 05:19pm EST 

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
Monday, 30 Oct 2017 04:45pm EDT 

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
Thursday, 26 Oct 2017 05:54pm EDT 

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 Corporation qtrly loss per share $0.41
Tuesday, 3 Oct 2017 04:43pm EDT 

Oct 3 (Reuters) - IDT Corp :IDT Corporation reports fourth quarter and full fiscal year 2017 results.IDT Corp - qtrly loss per share $0.41‍​.Q4 non-GAAP earnings per share $0.07.IDT Corp - ‍intends to spin-off real estate and pharmaceutical holdings included in all other to its shareholders under name Rafael Holdings, Inc​.Idt Corp - 4Q17 revenue of $395.0 million compared to $368.1 million.  Full Article

IDT says ‍plaintiff JDS1 filed putative class action & derivative complaint against co
Friday, 7 Jul 2017 12:35pm EDT 

July 7 (Reuters) - Idt Corp ::Says ‍plaintiff JDS1 filed putative class action & derivative complaint against co, Patrick Henry trust, Howard Jonas, each of Straight Path's directors​.Says registrant and Straight Path entered into binding term sheet provides for settlement, mutual release of potential indemnification claims.Says pursuant to term sheet, in exchange for mutual release, registrant will pay Straight Path $16 million.Says pursuant to term sheet Straight Path will transfer to co or its designee Straight Path's ownership interest in IP Group.Says pursuant to term sheet, Straight Path will transfer to registrant or its designee Straight Path's ownership interest in IP Group.Says complaint alleges that IDT "aided and abetted" Straight Path's directors and Howard Jonas.  Full Article

IDT Corp to sell Gibraltar based banking unit
Thursday, 22 Jun 2017 09:00am EDT 

June 22 (Reuters) - Idt Corp :Idt corporation to sell gibraltar based banking unit.Idt corp says agreed to sell its idt financial services holdings limited subsidiary to jar fintech limited.Idt corp says agreed-upon purchase price consists of value of idt finance's net assets at closing plus an additional amount of approximately £3 million.  Full Article

IDT corp reports Q3 loss per share of $0.21
Tuesday, 6 Jun 2017 04:30pm EDT 

June 6 (Reuters) - Idt Corp :IDT Corp reports third quarter fiscal 2017 results.Q3 non-GAAP earnings per share $0.28.Q3 loss per share $0.21.Q3 revenue $370 million versus $355.2 million.  Full Article

Straight Path Communications says co and IDT entered into binding term sheet
Monday, 10 Apr 2017 05:30pm EDT 

IDT Corp : Straight Path Communications-on april 9, co, idt corp entered into binding term sheet in connection to investigation by federal communications commission . Straight Path Communications - idt to pay co $16 million, straight path communications will transfer to idt its ownership interest in straight path ip group .Straight Path Communications - under term sheet, stockholders of co to receive 22 percent of proceeds received by unit from license of patent rights held by unit.  Full Article

FDA provides Cornerstone Pharmaceuticals approval to initiate pivotal study for CPI-613
Thursday, 23 Mar 2017 10:15am EDT 

Idt Corp :FDA provides cornerstone pharmaceuticals approval to initiate pivotal study for CPI-613, its metabolism-directed anticancer compound.  Full Article

IDT Corp Q2 EPS $0.04
Monday, 6 Mar 2017 04:30pm EST 

IDT Corp : IDT Corp qtrly revenue of $367.6 million compared to $382.5 million . Q2 earnings per share $0.04 .Q2 non-gaap earnings per share $0.27.  Full Article

BRIEF-IDT Qtrly Non-GAAP EPS Of $0.01

* - EXPECT TO CONCLUDE SEPARATION AND DISTRIBUTION OF RAFAEL HOLDINGS TO SHAREHOLDERS IN Q1 OF CALENDAR 2018 Source text for Eikon: Further company coverage: