Outlook Roundup: Rosetta Stone, InterDigital

Among the earnings projection stories for Monday, Aug. 17, from AP Financial News:

ARLINGTON, Va. (AP) — Language education company Rosetta Stone Inc. nixed a public offering of stock and cut its third-quarter and full-year profit forecasts Monday, citing higher marketing and product development costs.

KING OF PRUSSIA, Pa. (AP) — Wireless technology developer InterDigital Inc. said Monday it expects third-quarter sales of $73.5 million to $75.5 million, just below Wall Street forecasts of $76.8 million.

MINNEAPOLIS (AP) — Paint and coatings maker Valspar Corp. raised its guidance on Monday, after reporting its fiscal third-quarter profit beat estimates because it was able to cut costs.