Rosetta Stone (RST, $20.17) crushes earnings estimates for latest quarter; forecasts strong growth for full-year revenue

Rosetta Stone shares surged to record highs on Thursday, after the company released its latest quarterly earnings report.

Although the education software company incurred a loss of -19 cents per share for the three months ending in December, it was much narrower than analysts’ estimate of -38 cents loss per share.

For the full-year, Rosetta forecasts a loss of around -$15 million, but expects revenue to jump  +10%  to $191 million. Some analysts also seemed to praise the company’s strategy of transitioning from software sales to a subscription-based revenue model.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.