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Monotype Imaging Holdings Inc Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers High End Of Prior FY 2013 Revenue Guidance; Reaffirms FY 2013 EBITDA Guidance-Conference Call

Friday, 26 Jul 2013 08:30am EDT 

Monotype Imaging Holdings Inc announced that for the third quarter of 2013, it expects total revenue of $39 million to $40.5 million and net adjusted EBITDA to be in the range of $15.5 million to $17 million. For fiscal 2013, the adjusting the high end of its guidance to reflect the impact of approximately $1 million of foreign exchange movements not previously considered. The outlook now calls for revenue in the range of $165 million to $168 million, or approximately 11% growth year over year. The Company also reiterated its fiscal 2013 net adjusted EBITDA guidance of $69.5 million to $72.5 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $41.3 million and EBITDA of $17.8 million for the third quarter of 2013; and revenue of $168 million for fiscal 2013. 

Company Quote

0.29 +1.03%
26 Dec 2014