Thursday June 3, 7:29 am Eastern Time
IDT Q3 net falls
HACKENSACK, N.J., June 3 (Reuters) -
THREE MONTHS ENDED
04-30-99 04-30-98
Revenues $191,750,746 $87,111,571
Costs and expenses:
Direct cost of revenues 150,183,148 59,504,684
Selling,general
and administrative 29,965,754 20,343,714
Depreciation and
amortization 6,901,812 2,765,592
----------- -----------
Total cost and expenses 187,050,714 82,613,990
Income from operations 4,700,032 4,497,581
Income and other (net) (152,642) 337,806
----------- -----------
Income before provision for
income taxes and minority
interest 4,547,390 4,835,387
Provision for income taxes 2,071,196 0
Minority interest expense 419,616 0
----------- -----------
Net income $2,056,578 $4,835,387
=========== ===========
EBITDA $11,601,844 $7,263,173
Net income per share (diluted) $0.06 $0.15
Weighted average no. of shares
used in calculation of
diluted EPS 35,730,964 32,693,177
Net income per share (basic) $0.06 $0.17
Weighted average no. of shares
used in calculation of
basic EPS 33,648,800 28,881,382
NINE MONTHS ENDED
04-30-99 04-30-98
---------- ----------
STATEMENT OF OPERATIONS DATA
Revenues $485,769,653 $212,815,337
Costs and expenses:
Direct cost of revenues 377,848,927 151,814,495
Selling,general
and administrative 70,771,839 44,050,129
Depreciation and
amortization 18,637,001 6,553,165
----------- -----------
Total costs and expenses 467,257,767 202,417,789
Income from operations 18,511,886 10,397,548
Income and other (net) (9,141) (445,587)
----------- -----------
Income before provision for
income taxes and minority
interest 18,502,745 9,951,961
Provision for income taxes 6,896,976 0
Minority interest expense 2,604,775 0
----------- -----------
Net income $9,000,994 $9,951,961
=========== ===========
EBITDA $37,148,887 $16,950,713
Net income per share (diluted) $0.25 $0.32
Weighted average no. of shares
used in calculation of
diluted EPS 35,404,696 30,808,692
Net income per share (basic) $0.27 $0.36
Weighted average no. of shares
used in calculation of
basic EPS 33,431,628 27,528,325
NOTE: Full name is IDT Corp.
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