Rosetta Stone (RST) Post Wider-than-Expected Q1 Loss
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Rosetta Stone (NYSE: RST) reported Q1 EPS of ($0.96), $0.77 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $60.76 million versus the consensus estimate of $63.55 million.
“The first quarter further demonstrated that we are making solid progress in transforming Rosetta Stone,” said Steve Swad, President and Chief Executive Officer of Rosetta Stone. Swad continued, “The expanded product portfolio from acquisitions and new development helped generate solid 70% bookings growth in our E&E segment. I was particularly encouraged by the immediate contribution from sales of the Tell Me More product and strong growth from Lexia Learning. Our Consumer business continued to reflect the effects of varying channel performance with the web channel continuing to drive positive results but retail creating significant drag on overall results. The addition of Fit Brains to the Rosetta Stone portfolio and our ability to accelerate their performance was evidence that we can leverage our marketing platform and cross-sell to our growing user base, now over 9 million.”
For earnings history and earnings-related data on Rosetta Stone (RST) click here.
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