Monotype Imaging Holdings Earnings: Here’s Why Investors are Happy Now
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.28%.
Monotype Imaging Holdings Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.45% to $0.28 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 22.95% to $39 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Monotype Imaging Holdings Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $38.5 million.
Quoting Management: “Monotype had a very strong fourth quarter and full year, as a growing number of brands turned to us for the typefaces, technology and expertise they need to deliver high-quality user experiences,” said Doug Shaw, president and chief executive officer. “We strengthened our business in multiple areas, as we continued to diversify, expand our intellectual property, and invest in support of our long-term growth initiatives, all while delivering significant levels of profitability and cash flow.”
Key Stats (on next page)…