Monotype Imaging Q4 Profit Meets View, But Earnings Outlook Disappoints

(RTTNews) - Monotype Imaging Holdings Inc. (TYPE) reported fourth-quarter net income of $8.09 million, up from $7.84 million in the previous-year quarter. However, earnings per share were flat with the prior-year period at $0.20.

Excluding items, adjusted earnings per share for the quarter were $0.28, the same as the prior-year period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter.

Revenue for the quarter grew 10 percent to $43.03 million from $39.03 million in the year-ago period. Analysts had a consensus revenue estimate of $42.91 million.

Looking ahead to the first quarter of 2014, Monotype forecasts earnings per share of $0.19 to $0.22, adjusted earnings per share in a range of $0.27 to $0.30, and revenues of $44.0 million to $46.0 million. Street expects the company to earn $0.30 per share for the quarter on revenues of $45.82 million.

For fiscal 2014, Monotype forecasts earnings per share in a range of $0.77 to $0.83, adjusted earnings per share of $1.12 to $1.18, and revenue between $180.0 million and $185.0 million. Analysts expect the company to report earnings of $1.18 per share for the year on revenues of $182.93 million.