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Monotype Imaging sees growth in quarter ahead

Associated Press / July 31, 2010

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WOBURN — Monotype Imaging Holdings Inc., which licenses fonts to designers and manufacturers, said its second-quarter net income declined slightly from a year ago, but that it sees growth ahead.

The typeface company said it earned $3.04 million, or 8 cents per share, for the quarter ended June 30, down 0.9 percent from $3.07 million, or 9 cents per share, in the same quarter of the prior year.

Revenue rose 10 percent to $24.4 million.

Analysts polled by Thomson Reuters had expected the company to earn 10 cents per share on revenue of $24.9 million.

For the current quarter, the company expects earnings of 10 cents to 12 cents per share, on revenue of $26 million to $27.5 million. Analysts have been expecting earnings of 11 cents per share on $26.5 million in revenue.

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Monotype Imaging Holdings
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