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Manhattan Associates: 2Q Earnings Snapshot

July 24, 2018

ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Tuesday reported second-quarter profit of $27.7 million.

On a per-share basis, the Atlanta-based company said it had net income of 42 cents. Earnings, adjusted for stock option expense and amortization costs, came to 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The business software company posted revenue of $141.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $140.3 million.

Manhattan Associates expects full-year earnings in the range of $1.57 to $1.61 per share, with revenue in the range of $548 million to $560 million.

Manhattan Associates shares have dropped slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.32, a climb of 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MANH at https://www.zacks.com/ap/MANH

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