Monotype Imaging Holdings Inc. (NASDAQ:TYPE) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Monotype Imaging Holdings Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.7% to $0.28 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Rose 6.75% to $41.1 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 met the mean analyst estimate of $0.28. It missed the average revenue estimate of $41.53 million.
Quoting Management: “Our results show that Monotype is becoming an even more valued partner to creative professionals trying to solve the toughest responsive design challenges,” said Doug Shaw, president and chief executive officer. “Our solutions provide the freedom, flexibility and functionality required to streamline the creative workflow and deliver the best branded experiences.”
Key Stats (on next page)…
Revenue decreased 2.24% from $42.04 million in the previous quarter. EPS decreased 6.67% from $0.30 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.30 to a profit $0.29. For the current year, the average estimate is a profit of $1.17, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)