NEW YORK (TheStreet) -- IDT Corporation (IDT - Get Report) reported a 1.7% increase in revenue for the 2014 third quarter to $403.8 million, compared to $396.9 million from the same period last year.

The company, which is a multi-national holding company operating in the telecommunications industry, reported a 32.5% increase in adjusted EBITDA to $13.3 million for the most recent quarter, from $10.1 million from the 2013 third quarter.

However, the company reported a decline in net income to $5 million, or 22 cents per diluted share, from $8.7 million, or 39 cents from the year ago quarter.

Must ReadWarren Buffett's 25 Favorite Stocks 

Shares of IDT are lower -0.66% to $16.65 in after-hours trading on Monday.

IDT Chart IDT data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more