IDT CORP - IDT's Cash Flow from Operations Turns Positive for its Twelve Months.
(Poster's note: I'm not an accountant but this is pretty impressive and important - yes/no?)
March 23, 2004
Market News Publishing
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CashFlowNews.com reports that Cash Flow from Operations for IDT Corporation (NYSE:IDT) for its twelve months ended January 31, 2004 was a positive $76,219,000, compared with a negative Cash Flow from Operations of $(43,354,000) for the comparable year earlier twelve months.
For IDT's quarter ended January 31, 2004 Cash Flow from Operations was $52,315,000, compared with $(4,809,000), a more than 1,000% increase over the comparable year earlier quarter. Cash Flow from Operations for the most recent quarter also reached a seven year high.
The shares of IDT were recently trading at $19.84 which is within 18% of their ten year high of $23.96 on December 30, 2003. |
