Monotype Imaging (TYPE) Misses Q4 EPS by 7c

Monotype Imaging (NASDAQ: TYPE) reported Q4 EPS of $0.12, $0.07 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $52.6 million versus the consensus estimate of $55.15 million.

"Continued strong performance in our Creative Professional business helped push full year results over the $200 million mark for the first time in our history,” said Scott Landers, president and chief executive officer of Monotype. “2016 was a transformational year for Monotype, where we saw the emergence of new digital use cases, such as HTML5-based digital advertising, as well as significantly expanded opportunities in new markets with the acquisition of Olapic. We believe there is a substantial opportunity ahead for Monotype to provide comprehensive value to brands, and we are well positioned to take advantage of it.”

Tony Callini, chief financial officer of Monotype, said, “I’m pleased to join Monotype during such an exciting period in the company’s history. Our recent acquisitions and execution on expanded growing product offerings helped fuel double-digit year-over-year growth in Creative Professional for the 14th quarter in a row. And even as we invest for long-term growth, we’re keenly focused on execution and profitability. Further, during this investment cycle, we are still committed to returning value to our shareholders as evidenced by the fifth annual increase to our dividend.”

For earnings history and earnings-related data on Monotype Imaging (TYPE) click here.

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