Business

Mass. Mover

Monotype Imaging beats the forecasts

Monotype provides text- imaging solutions for print, Web, and mobile uses.
Bloomberg News/File 2012
Monotype provides text- imaging solutions for print, Web, and mobile uses.

Monotype Imaging Holdings Inc. turned in profit and revenue that beat expectations, Wall St. Cheat Sheet reported. Fourth-quarter revenue was a record $39 million, up 23 percent from a year earlier. Net income was $7.8 million, versus $5.6 million. Earnings per share were 20 cents, compared to 15 cents in the same period in 2011. For the year, revenue was $149.9 million, up 22 percent. Net income was $29 million, compared to $22.7 million for the prior year.