Stock Alert: IDT Corp. Shares Surge 36%

Shares of the communications and payment services provider IDT Corp. (IDT) are currently trading at $9.39, up $2.51 or 36.48% Friday morning. Trading volume is soaring over 1.76 million versus an average volume of 82K shares.

The company reported fourth-quarter net income of $21.5 million or $0.82 per share, up from $1.6 million or $0.06 per share last year. Adjusted earnings rose to $0.62 per share from $0.15 per share. Revenues grew to $360.3 million from $356.1 million.

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