UPDATE: Rosetta Stone (RST) Tops Q4 EPS by 15c; John Hass Named President, CEO and Chairman
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Rosetta Stone Inc. Reports Fourth Quarter and Full Year 2015 Results; Hass named President, Chief Executive Officer and Chairman
March 14, 2016 4:16 PM EDTARLINGTON, Va., March 14, 2016 (GLOBE NEWSWIRE) -- Rosetta Stone Inc. (NYSE: RST), a world leader in technology-based learning solutions, today announced financial results for the fourth quarter and full year ended December 31, 2015. Revenue in the fourth quarter 2015 totaled $58.0 million, down 27% from $79.3 million in the year-ago period, driven by the expected decline in the Companys Consumer segment. Fourth quarter 2015 net loss totaled $11.4 million, an improvement of 47% compared to the net loss of $21.5 million in the year-ago period. Included in the net losses were lease termination costs and non-cash impairment charges totaling $6.0 million in the fourth quarter... More
