Monotype Imaging (TYPE) Tops Q3 EPS by 2c, Revenue Miss; Offers FY18 EPS Outlook Above Consensus

Monotype Imaging (NASDAQ: TYPE) reported Q3 EPS of $0.22, $0.02 better than the analyst estimate of $0.20. Revenue for the quarter came in at $58 million versus the consensus estimate of $59.66 million.

“We exceeded the high end of our guidance for net adjusted EBITDA this quarter, demonstrating our ability to drive profitability across the organization,” said Scott Landers, president and CEO of Monotype. “Our top-line performance continues to be driven by our enterprise sales initiatives as we help the world’s largest brands solve their biggest design and marketing challenges.”

Tony Callini, executive vice president and chief financial officer of Monotype, said, “Our results this quarter demonstrate Monotype’s commitment to improving profitability and focusing on the solutions that have the greatest impact on our customers. We also repurchased a significant number of shares over the last few months, demonstrating our commitment to returning value to shareholders. We will continue to take a disciplined approach to capital investment in an effort to sustainably grow revenue, further improve margins and continue driving shareholder value.”

GUIDANCE:

Monotype Imaging sees FY2018 EPS of $0.94-$0.97, versus the consensus of $0.93. Monotype Imaging sees FY2018 revenue of $239-243 million, versus the consensus of $241.86 million.

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

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