idt corp-class b (IDT) Key Developments
IDT Corporation Reaches an Agreement with Empresa de Telecomunicaciones de Cuba S.A
Feb 19 15
IDT Corporation said that it has reached an agreement with Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), to exchange international long distance voice traffic between the United States and Cuba directly. The agreement was filed on February 19, 2015 with the Federal Communications Commission (FCC) and is subject to FCC review for a period of ten days. If the FCC allows the agreement to take effect as expected, IDT will be the only U.S. carrier to have a direct interconnection into Cuba.
IDT Corporation Declares Special Dividend on Class A and Class B Common Stock, Payable on January 23, 2015
Dec 15 14
The Board of Directors of IDT Corporation declared a special dividend of $0.64 per share of Class A and Class B common stock. The special dividend will be paid on or about January 23, 2015 to stockholders of record as of the close of business on January 15, 2015. The ex-dividend date will be January 13, 2015. The distribution will be treated as a return of capital for tax purposes.
IDT Corporation Declares a Special Dividend
Dec 8 14
The board of IDT Corporation declared a special dividend of $0.68 per share.
IDT Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended October 31, 2014; Provides Revenue Guidance for the Remaining Period of Fiscal 2015
Dec 8 14
IDT Corporation announced unaudited consolidated earnings results for the first quarter ended October 31, 2014. For the quarter, the company reported revenues were $412,878,000 against $420,670,000 a year ago. Income from operations was $79,607,000 against $7,283,000 a year ago. Income before taxes was $80,840,000 against $6,709,000 a year ago. Net income attributable to company was $80,155,000 against $3,523,000 a year ago. Diluted earnings per share attributable to company common stockholders were $3.47 against $0.15 a year ago. Net cash provided by operating activities was $8,291,000 against $10,993,000 a year ago. Capital expenditures were $6,111,000 against $3,641,000 a year ago. Adjusted EBITDA was $10.4 million against $10.3 million a year ago. Non-GAAP net income was $10.5 million against $7.4 million a year ago. Diluted non-GAAP earnings per share were $0.46 against $0.32 a year ago. The first quarter of fiscal 2015 results include a gain of $75.1 million on the sale of IDT's stake in Fabrix Systems. This quarter's results were also impacted by severance expense of $1.5 million.
For the remaining period of fiscal 2015, the company continue to expect year-over-year double-digit revenue growth.
IDT Corporation Declares Dividend on Class A and Class B Common Stock for the First Quarter of Fiscal Year 2015, Payable on or About December 19, 2014
Dec 2 14
IDT Corporation declared a quarterly dividend of $0.18 per share of class A and class B common stock for the fiscal quarter of its fiscal year 2015. The dividend will be paid on or about December 19, 2014 to stockholders of record as of the close of business on December 15, 2014. The ex-dividend date will be December 11, 2014. The distribution will be treated as a return of capital for tax purposes.