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.
a provider of technology-based language learning solutions
Industry OtherConsumerServices