Monotype (TYPE) Closes Deal with Bitstream; Updates FY12 Outlook
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Monotype (Nasdaq: TYPE) announces it has completed its acquisition of Bitstream's Font unit.
The company sees no material impact on Q1 financials. Now sees FY12 sales of $146-$151 million, compared to prior guidance of $133-$137 million, vs. the consensus estimate of $136.13 million. Adjusted EPS outlook raised from $0.93-$0.98 cents to $0.96-$1.01, which compares to the Street estimate of $0.96.
The company sees no material impact on Q1 financials. Now sees FY12 sales of $146-$151 million, compared to prior guidance of $133-$137 million, vs. the consensus estimate of $136.13 million. Adjusted EPS outlook raised from $0.93-$0.98 cents to $0.96-$1.01, which compares to the Street estimate of $0.96.
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