Monotype Imaging (TYPE) Tops Q3 EPS by 2c, Revenue Miss; Offers FY18 EPS Outlook Above Consensus
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Monotype Announces Third Quarter 2018 Results
November 2, 2018 7:00 AM EDTNet Adjusted EBITDA Increases 13%
Raises Full-Year Profit Expectations for Second Straight Quarter
WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the third quarter ended September 30, 2018.
Third quarter 2018 highlights
Revenue for the quarter was $58.0 million, a decrease of 4% year over year. Creative Professional revenue was $36.1 million, up 5% year over year. Net income was $3.3 million; Non-GAAP net adjusted EBITDA was $18.3 million, a 13% increase year over year, or 31.5%... More