Monotype Imaging Holdings Q2 Profit Misses Estimates - Quick Facts

(RTTNews) - Monotype Imaging Holdings Inc. (TYPE) reported that its second-quarter net income was $7.3 million, compared to $7.4 million in the second quarter of 2012. Earnings per share were $0.18, compared to $0.19 in the same period in 2012.

Adjusted earnings per share was $0.26 for the quarter. On average, six analysts polled by Thomson Reuters expected the company to report profit of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue was $41.1 million, up seven percent compared to $38.5 million for the second quarter of 2012. Analysts expected revenue of $41.53 million for the quarter.

For the third quarter of 2013, Monotype expects revenue in the range of $39.0 million to $40.5 million. The company anticipates third-quarter GAAP earnings per share in the range of $0.16 to $0.18 and non-GAAP earnings per share in the range of $0.24 to $0.26. Analysts expect the company to report third-quarter profit per share of $0.29 on revenue of $41.31 million.

Monotype adjusted its previously issued, full-year 2013 guidance, which anticipated revenue in the range of $165.0 million to $169.0 million. The company now expects revenue in the range of $165.0 to $168.0 million. GAAP and non-GAAP earnings per share are now expected to be in the range of $0.76 to $0.80 and $1.07 to $1.11, respectively. Analysts expect the company to report full year 2013 profit per share of $1.17 on revenue of $168.21 million.