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)…

Revenue increased 2.69% from $37.98 million in the previous quarter. EPS decreased 3.45% from $0.29 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.27 and has not changed. For the current year, the average estimate has moved up from a profit of $1.03 to a profit of $1.04 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)