Rosetta Stone (RST) Tops Q1 EPS by 18c

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Go back to Rosetta Stone (RST) Tops Q1 EPS by 18c

Rosetta Stone Inc. Reports First Quarter 2016 Results

May 4, 2016 4:17 PM EDT

ARLINGTON, Va., May 04, 2016 (GLOBE NEWSWIRE) -- Rosetta Stone Inc. (NYSE: RST), a world leader in technology-based learning solutions, today announced financial results for the first quarter ended March 31, 2016. Revenue in the first quarter 2016 totaled $48.0 million, down 18% from $58.4 million in the year-ago period. First quarter 2016 net loss totaled $7.5 million, a 62% improvement over the net loss of $19.9 million in the year-ago period. Included in the first quarter 2016 net loss were restructuring charges and other related costs totaling $2.8 million (pre-tax), compared to $6.7 million (pre-tax) of restructuring and impairment charges and other related costs in the year-ago... More