UPDATE: Rosetta Stone (RST) Tops Q4 EPS by 15c; John Hass Named President, CEO and Chairman

Rosetta Stone (NYSE: RST) reported Q4 EPS of ($0.52), $0.15 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $58 million versus the consensus estimate of $60.34 million.

The Board of Directors has determined that the best way to maintain the momentum of the Company’s turnaround is for John Hass to continue his service as the Company’s President and CEO, in addition to becoming Chairman of the Board, all effective April 1, 2016.

Mr. Hass said, “Substantial progress has been made over the past twelve months in simplifying our business and reducing its cost base, allocating our investment dollars wisely and building effective and engaging products for our customers. I look forward to continuing to work with the Board of Directors and the entire Rosetta Stone team as we continue the restructuring and position our company for profitable growth.”

For earnings history and earnings-related data on Rosetta Stone (RST) click here.

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