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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (2291)1/18/2001 6:24:37 PM
From: Jenna  Read Replies (1) of 6445
 
IDTI IDT Delivers 13 Percent EPS Growth On Record Results in Third Fiscal Quarter; EPS of $0.87 on Sales of $278.9 Million Demonstrates Continued Leverage in IDT's Business Model

This one we decided to keep holding as it was on today's watch list and a swing trade already for a number of days looks good after hours.

THURSDAY, JANUARY 18, 2001 4:09 PM
- BusinessWire

SANTA CLARA, Calif., Jan 18, 2001 (BUSINESS:IDTI), a leading communications IC company today reported third quarter fiscal 2001 operating results. Revenue for the third quarter was $278.9 million, up 57.8 percent from $176.7 million for the same period last year and up 3.8 percent from $268.7 million for the second quarter of fiscal 2001. Revenue for the first nine months of fiscal 2001 increased 57.1 percent to $778.9 million from $495.8 million for the same period last year. Revenue, earnings, gross margin and operating margin set Company records.
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