Monotype Imaging (TYPE) Misses Q1 EPS by 3c, Offers Q2 and FY Guidance
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Monotype Announces First Quarter 2019 Results
April 26, 2019 7:00 AM EDTCompany Re-affirms Full-Year Guidance, Despite Lower Than Expected Q1 2019 Results
WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the first quarter ended March 31, 2019.
First quarter 2019 highlights
Revenue for the quarter was $51.4 million, a decrease of 9% year over year. Net income was $2.7 million; Non-GAAP net adjusted EBITDA was $11.0 million, or 21.5% of revenue.We continue to be uniquely positioned to meet the design and marketing challenges of the worlds... More
