Welcome to our dedicated news page for IDT Corporation Class B (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT Corporation Class B.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect IDT Corporation Class B's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of IDT Corporation Class B's position in the market.
Rhea-AI Summary
NRSInsights (NRS) reported a 5.5% increase in same-store sales for December 2023 compared to December 2022. The average sales per calendar day increased by 5.3% compared to November 2023. The NRS retail network, consisting of approximately 28,300 active terminals, experienced a 3.4% increase in same-store sales for the three months ended December 31, 2023, compared to the same period in 2022. The number of items sold increased by 7.4% compared to December 2022, and the average number of transactions per store increased by 5.1% compared to the same period last year. The dollar-weighted average of prices for the top 500 items purchased in December 2023 increased by 1.2% year-over-year. NRS retailers have consistently outperformed the U.S. retail sector, reflecting the important roles these retailers play within their urban communities and the loyalty of their customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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Rhea-AI Summary
BOSS Money, the money transfer service of IDT Corporation (NYSE: IDT), experienced a 56% increase in revenue during the eleven days leading up to Christmas Day 2023 compared to the same period in the previous year. The company attributes this growth to low fees, favorable exchange rates, and exceptional customer experience through their apps and retailers. Transaction volumes also increased by 39%, and the company expects to maintain revenue and transaction year-over-year growth rates over 30% in the coming months. BOSS Money offers affordable, reliable remittances for residents of the U.S. and Canada to 48 countries, with a disbursement network of over 243,000 cash pick-up locations, mobile money, in-country bank account, and debit card direct deposit services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
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Rhea-AI Summary
NRSInsights (NRS) reported that same-store sales at NRS retailers increased by 3.1% in November 2023 compared to the same period in 2022. However, average sales per calendar day decreased by 1.2% compared to October 2023. The NRS retail network, consisting of approximately 27,600 active terminals, saw a 3.7% increase in same-store sales for the three months ended November 30, 2023, compared to the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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Rhea-AI Summary
IDT Corporation (NYSE: IDT) reported strong financial results for the first quarter of fiscal year 2024. BOSS Money revenue increased 38% to $24.2 million, NRS’ recurring revenue increased 25% to $22.4 million, and net2phone subscription revenue increased 19% to $18.5 million. However, consolidated revenue decreased 6% to $301 million, and net income attributable to IDT decreased 30% to $7.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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Rhea-AI Summary
IDT Corporation (IDT) to Announce Q1 FY 2024 Financial Results on December 4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
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Rhea-AI Summary
IDT Corporation (NYSE: IDT) CFO to Present at 15th Annual Southwest IDEAS Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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Rhea-AI Summary
NRSInsights - Same-Store Sales Increase 3.2% in October 2023, Average Sales Per Calendar Day Decrease 2.1% Compared to September 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
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Rhea-AI Summary
net2phone introduces net2phone AI, an AI-powered suite of solutions for businesses and contact centers. The innovative platform offers features like sentiment analysis, automated recording and transcription, coaching, deep analytics, and CRM integration. It aims to improve customer engagement, agent productivity, and overall business performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
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Rhea-AI Summary
IDT Corporation reports results for 4Q23 and FY2023, with NRS, net2phone, and BOSS Money showing growth in revenue. NRS adds record number of terminals and payment processing accounts. net2phone increases seats served and subscription revenue. BOSS Money sees increase in transactions and revenue. Consolidated revenue and income from operations decrease in 4Q23. IDT accelerates stock repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.84%
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Rhea-AI Summary
Same-store sales at NRS retailers during September increased 6.1% compared to September 2022. Compared to August 2023, same-store-sales increased 1.7%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
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IDT Corporation Class B
NYSE:IDT
IDT Rankings
IDT Stock Data
914.97M
16.98M
32.05%
49.78%
1%
Telecommunications Resellers
Information
United States of America
NEWARK
About IDT
we know that you’ll have looked at quite a few company recruitment pages but idt is different. we want people who want to make a big difference to our company with big ambitions. we’re a truly global team, with 1300 people working across all continents, apart from (at the moment!) antarctica. but we are proud that despite our size, we encourage and support any in-house entrepreneurs to develop their ideas into business action. our exciting growth plans make it a great time to join us. our people are the reason for idt’s passion for success. the idt family is made up of people of all backgrounds, expertise and interests, all with a relentless team spirit. we need people who share both our commitment to success and excitement about our journey. you won’t ever be bored or have to wonder how to fill your time. you’ll find the work challenging but you’ll get the support of a great team to help you beat those challenges. you will also be expected to support others as well as work hard, wor