Manhattan Associates: 4Q Earnings Snapshot
ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Tuesday reported fourth-quarter profit of $25.9 million.
The Atlanta-based company said it had profit of 40 cents per share. Earnings, adjusted for stock option expense and pretax expenses, were 46 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The business software company posted revenue of $144.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $139.1 million.
For the year, the company reported profit of $104.7 million, or $1.58 per share. Revenue was reported as $559.2 million.
Manhattan Associates expects full-year earnings in the range of $1.38 to $1.42 per share, with revenue in the range of $564 million to $576 million.
Manhattan Associates shares have increased 23 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.27, a climb of slightly more than 4 percent in the last 12 months.