Rosetta Stone (RST) Tops Q2 EPS by 26c
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Rosetta Stone Inc. Reports Second Quarter 2016 Results
August 3, 2016 4:17 PM EDTARLINGTON, Va., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Rosetta Stone Inc. (NYSE: RST), a world leader in technology-based learning solutions, today announced financial results for the second quarter ended June 30, 2016. Revenue in the second quarter 2016 totaled $45.7 million, down 11% from $51.4 million in the year-ago period. Second quarter 2016 net loss totaled $9.0 million, an increase of 10% compared to the net loss of $8.2 million in the year-ago period. Included in the second quarter 2016 net loss were (pre-tax) charges totaling $5.4 million for restructuring and impairment, compared to (pre-tax) restructuring and impairment charges totaling $2.6 million in the year-ago period. The second quarter... More
