IDT Corp (NYSE: IDT) saw its stock surge 5.33% in after-hours trading on Thursday following the release of its better-than-expected Q1 financial results.
The company reported adjusted earnings per share (EPS) of $0.94, beating the analyst consensus estimate of $0.88 by 6.82%. Quarterly sales came in at $322.752 million, surpassing the $308.000 million estimate by 4.79%. This represents a 32.39% increase in EPS and a 4.26% rise in sales compared to the same period last year.
The strong earnings performance, coupled with growth in net income and operating income, has fueled investor optimism, driving the stock higher in after-hours trading.
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