S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
NEWARK, N.J. - IDT Corporation (NYSE:IDT) reported strong second quarter fiscal 2025 results that exceeded analyst estimates, sending shares up 6% in after-hours trading on Wednesday.
The global provider of fintech and communications solutions posted adjusted earnings per share of $0.84, while revenue for the quarter came in at $303.35 million.
IDT’s net income attributable to shareholders rose 41% year-over-year to $20.3 million. The company saw record levels of gross profit, which increased 16% to $112 million, while income from operations surged 77% to $28.3 million.
"IDT had a strong second quarter led by NRS and BOSS Money, and supported by robust results from our Traditional Communications segment," said CEO Shmuel Jonas.
The company’s National Retail (NYSE:NNN) Solutions (NRS) segment saw recurring revenue jump 32% to $31.6 million. BOSS Money transactions increased 36% to 5.7 million.
IDT also announced it is raising its quarterly dividend by 20% to $0.06 per share.
Looking ahead, management expressed confidence in the company’s outlook, citing the recent launch of net2phone’s virtual AI agent and continued growth across key business segments.
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