Monotype Imaging (TYPE) Tops Q1 EPS by 5c

Monotype Imaging (NASDAQ: TYPE) reported Q1 EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $52.5 million versus the consensus estimate of $53.67 million.

“We’re encouraged by the continued growth of our Creative Professional business,” said Scott Landers, president and chief executive officer of Monotype. “We remain confident that the strides we are making with new business models and expanded use cases, combined with our investment in Olapic, will help to position us for stronger long-term growth.”

Tony Callini, executive vice president and chief financial officer of Monotype, said, “We’re committed to our strategy and believe that our strategic investments in both the short and long term will help to drive top-line growth and meaningful long-term profit. We’re encouraged about the growth vectors in Creative Professional and continue to manage the business to take advantage of new revenue opportunities, while creating sustained value for our customers and shareholders.”

Financial outlook
Monotype’s second quarter and full-year financial guidance are set forth in the following tables:

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

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