Manhattan Associates: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported third-quarter earnings of $63.8 million.

On a per-share basis, the Atlanta-based company said it had profit of $1.03. Earnings, adjusted for stock option expense, were $1.35 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The business software company posted revenue of $266.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $263.4 million.

Manhattan Associates expects full-year earnings in the range of $4.60 to $4.62 per share, with revenue expected to be $1.04 billion.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up