Revenue Update on Rosetta Stone Inc(NYSE:RST)

Rosetta Stone Inc(NYSE:RST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $45.72M. Analysts estimated a revenue of $43.28M. Earnings per share were $-0.41. Analysts had estimated an EPS of $-0.49.

Rosetta Stone Inc (RST) made into the market gainers list on Fridays trading session with the shares advancing 1.02% or 0.09 points. Due to strong positive momentum, the stock ended at $8.95, which is also near the day’s high of $9. The stock began the session at $8.85 and the volume stood at 1,33,563 shares. The 52-week high of the shares is $9 and the 52 week low is $6.17. The company has a current market capitalization of $197 M and it has 2,19,82,235 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Thomas M Pierno (Chief Financial Officer) sold 1,262 shares at $7.93 per share price.Also, On Oct 8, 2015, Judy Verses (Pres., Global Enterp. & Educ’n) sold 1,613 shares at $6.48 per share price.On Jun 5, 2015, A John Hass (Interim Pres. & CEO) sold 1,286 shares at $8.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Rosetta Stone Inc. (Rosetta Stone) is a provider of reading and brain fitness solutions. The Company’s solutions are used by schools businesses government organizations and individuals around the world. The Company offers courses in 30 languages across a range of formats including Web-based software subscriptions digital downloads mobile applications and perpetual compact disc (CD) packages. The Company operates in three segments: North America Consumer (NA) Rest of World (ROW) Consumer and Global Enterprise & Education. The North America Consumer and ROW Consumer segments derive revenues from sales to individuals and retail partners. The North America Consumer segment includes sales made within the United States and Canada and the ROW Consumer segment includes sales made in countries other than the United States and Canada. The Global Enterprise & Education segment derives revenues from sales to educational institutions government agencies and corporations across the world.

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