Rosetta Stone Inc (RST) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $-0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $-0.50. The company posted revenue of $48.00 million in the period, compared to analysts expectations of $47.14 million. The company’s revenue was down -17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.95 EPS.
Rosetta Stone Inc opened for trading at $8 and hit $8.03 on the upside on Monday, eventually ending the session at $8.03, with a gain of 1.01% or 0.08 points. The heightened volatility saw the trading volume jump to 43,677 shares. Company has a market cap of $176 M.
In a different news, on Feb 26, 2016, Thomas M Pierno (Chief Financial Officer) sold 3,213 shares at $7.21 per share price. According to the SEC, on Oct 8, 2015, Judy Verses (Pres., Global Enterp. & Educ’n) sold 1,613 shares at $6.48 per share price. On Jun 5, 2015, A John Hass (Interim Pres. & CEO) sold 1,286 shares at $8.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Rosetta Stone Inc. (Rosetta Stone) is a provider of reading and brain fitness solutions. The Company’s solutions are used by schools businesses government organizations and individuals around the world. The Company offers courses in 30 languages across a range of formats including Web-based software subscriptions digital downloads mobile applications and perpetual compact disc (CD) packages. The Company operates in three segments: North America Consumer (NA) Rest of World (ROW) Consumer and Global Enterprise & Education. The North America Consumer and ROW Consumer segments derive revenues from sales to individuals and retail partners. The North America Consumer segment includes sales made within the United States and Canada and the ROW Consumer segment includes sales made in countries other than the United States and Canada. The Global Enterprise & Education segment derives revenues from sales to educational institutions government agencies and corporations across the world.