ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported first-quarter profit of $52.6 million.
The Atlanta-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The business software company posted revenue of $262.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $256.9 million.
Manhattan Associates expects full-year earnings in the range of $4.54 to $4.64 per share, with revenue in the range of $1.06 billion to $1.07 billion.
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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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