U.S. Markets closed

Rosetta Stone Surges After Education Software Group Sees 2019 Revenue Gains

Martin Baccardax

shares surged to an eight-year high Thursday after the education software provider smashed Wall Street forecasts with a narrower-than-expected loss and a robust revenue outlook. Rosetta stone said late Wednesday it still expects to book a full-year loss of around $15 million, but nonetheless impressed the Street with a revenue forecast of $191 million, a figure that would mark a 10% gain from 2018.