Back to press releasesNEWARK, NJ — December 7, 2006 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the first quarter of fiscal 2007, the three months ended October 31, 2006.
· Revenues: $522.3 million, down 6.0% year-over-year.
· Net income: $213.9 million, versus a net loss of $27.9 million one year ago.
· Net income reflects a one-time gain of $240.0 million relating to the sales of IDT Entertainment and Toucan.
· Diluted earnings per share: $2.43, versus a loss per share of ($0.28) one year ago.
· Cash, cash equivalents and marketable securities totaled $807.9 million as of the end of the first quarter.
The following table summarizes the operating performance of IDT’s continuing businesses:
|
|
Revenue |
|
Income (Loss) from Operations |
||||
|
$ millions |
Q1 ’07 |
Q4 ’06 |
Q1 ’06 |
|
Q1 ’07 |
Q4 ’06 |
Q1 ’06 |
|
IDT Retail Telecom |
$322.5 |
$373.8 |
$382.7 |
|
$0.9 |
($4.0) |
$1.7 |
|
IDT Wholesale Telecom |
139.3 |
132.0 |
140.8 |
|
(0.9) |
(5.1) |
(5.1) |
|
IDT Telecom Total |
461.9 |
505.8 |
523.5 |
|
0.0 |
(9.1) |
(3.4) |
|
IDT Capital |
60.2 |
49.6 |
31.6 |
|
0.2 |
(9.2) |
(6.7) |
|
IDT Solutions |
0.2 |
0.2 |
1.4 |
|
(1.1) |
(6.8) |
(6.2) |
|
Corporate |
– |
– |
– |
|
(14.6) |
(19.3) |
(16.8) |
|
Total IDT |
$522.3 |
$555.5 |
$556.4 |
|
($15.5) |
($44.3) |
($33.1) |
Columns in table may not add due to rounding.
See attached document for entire release
