Arlington-based Rosetta Stone Inc.’s gambit of ditching casual consumer customers and its iconic yellow boxes is paying increasing dividends.
The language learning company (NYSE: RST) reported net income of $454000 in the first quarter,up from a $7.5 million loss the same period final year. It is the first profitable quarter for the company since the fourth quarter of 2012. Earnings per share were 2 cents, beating analyst expectations of an 18 cent loss.
Rosetta Stone’s stock shot up more…
Source: bizjournals.com