IDT Corporation reported earnings results for the third quarter and nine months ended April 30, 2023. For the third quarter, the company reported sales was USD 299.3 million compared to USD 328.35 million a year ago. Net income was USD 6.89 million compared to USD 4.77 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.18 a year ago.
For the nine months, sales was USD 935.05 million compared to USD 1,035.49 million a year ago. Net income was USD 32.52 million compared to USD 9.79 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 0.37 a year ago.