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Recent Articles

Ancient Babylonian Clay Tablet Holds the First Trigonometric Table

Ancient Babylonian Clay Tablet Holds the First Trigonometric Table

August 26, 2017 By Clayton Meason

The CDC Draws Attention To The Spike In Cyclosporiasis Cases

The CDC Draws Attention To The Spike In Cyclosporiasis Cases

August 11, 2017 By Troy G. Bennett

Travis Kalanick Resigns from His Position as Uber’s CEO

Travis Kalanick Resigns from His Position as Uber’s CEO

June 22, 2017 By Troy G. Bennett

Amazon Refunds Parents Whose Children Made Purchases Without Permission

Amazon Refunds Parents Whose Children Made Purchases Without Permission

June 2, 2017 By Clayton Meason

McDonald’s Has Been Quietly Altering Its Vanilla Ice Cream Recipe

McDonald’s Has Been Quietly Altering Its Vanilla Ice Cream Recipe

May 21, 2017 By Jennifer Licata

Washington Post Will Be Expanding Its Newsroom

Washington Post Will Be Expanding Its Newsroom

December 28, 2016 By Troy G. Bennett

Rosetta Stone Tumbles 11% on Q4 Sales Miss

March 12, 2015 By Clayton Meason

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Rosetta Stone is trading more than 11% lower on Thursday, just shy of its 52-week low of $7.42 after reporting disappointing Q4 results after the close on Wednesday.

RST Q4 sales were $79.2 million, below the Capital IQ estimate for $81.33 million. Net loss per share widened to $1.01 from a loss of $0.18 a year ago. Estimates, usually less items, were for a $0.09 loss.

It says it is refocusing its corporate strategy and realigning resources around its Global E&E segment. This will include cutting global non-E&E headcount approximately 15%, resulting in annual expense reductions of approximately $50 million. These actions will result in an estimated $7 million charge in Q115. It also recorded a non-cash charge of $18.0 million in Q414 to impair the carrying value of goodwill associated with the NA Consumer segment. Shares of RST were last trading at $8.44 with a 52-week range of $7.42 to $12.32.

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Filed Under: Business, Stocks, Technology

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