* Q1 net loss 45 cents/shr vs year-ago profit 24 cents/shr
* Revenue falls 10 pct to $57 million
* Forecasts Q2 loss of 41-61 cents/shr
* Street expects Q2 loss of 35 cents/shr (Adds earnings comparisons)
By Ernest Scheyder
NEW YORK, May 9 (Reuters) - Rosetta Stone Inc (RST.N), a maker of language training software, reported a first-quarter loss as strong growth in its international business failed to make up for a 28 percent drop in sales in its home market.
Rosetta Stone, whose customers have included the U.S. military, produces software that helps customers master Spanish, Farsi, Welsh and 29 other languages.
But the company is finding that despite wide brand recognition at home -- the system was even featured in a “Saturday Night Live” comedy skit -- much of its growth is coming from international customers wanting to learn English.
International sales rose 50 percent in the quarter. “Sales to international consumers and to worldwide institutional clients remain strong,” CEO Tom Adams said on Monday.
Rosetta Stone reported a net loss of $9.3 million, or 45 cents per share, compared with a net profit of $5 million, or 24 cents per share, a year earlier.
Analysts had expected earnings of 35 cents per share, according to Thomson Reuters I/B/E/S.
Revenue fell 10 percent to $57 million. Analysts expected revenue of $56.2 million.
For the second quarter, Rosetta Stone expects a loss of 41 cents to 62 cents per share. Analysts had been expecting a second-quarter loss of 35 cents per share.
The company had forecast a weak first quarter as it slowly expands into international markets. [ID:nN28178578] [ID:nN13248054] (Reporting by Ernest Scheyder, editing by Bernard Orr and Ted Kerr)