NEWARK, NJ — June 6, 2007 — IDT Corporation (NYSE: IDT, IDT.C) announces operating results for the third quarter of fiscal 2007, the three months ended April 30, 2007.
· Revenues: $485.4 million, down 11.3% year-over-year.
· Net loss: $(15.9) million, versus a net loss of $(8.6) million one year ago.
· Net loss per share: $(0.20) versus a net loss per share of $(0.09) one year ago.
· Cash, cash equivalents, marketable securities, and long term investments totaled $750.2 million as of the end of the third quarter.
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