Rosetta Stone (RST) Posts Smaller Q3 Loss, Sales Miss

Rosetta Stone (NYSE: RST) reported Q3 EPS of ($0.34), $0.27 better than the analyst estimate of ($0.61). Revenue for the quarter came in at $49.8 million versus the consensus estimate of $51.6 million.

“Strong growth in Lexia, a higher contribution margin percentage and our ongoing cost reduction efforts enabled us to build positive momentum during the third quarter,” said John Hass, Interim President and Chief Executive Officer. “Enhancements to our industry-leading Lexia products and the shift to a largely direct salesforce will drive growth in that business and accelerate the mix shift towards our more valuable SaaS-based E&E segment. All of these positive developments were key to the transformation plan we announced in March and have been the central focus of management as we continue to execute our turnaround strategy.”

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

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