ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported third-quarter profit of $58.6 million.
On a per-share basis, the Atlanta-based company said it had profit of 96 cents. Earnings, adjusted for stock option expense, came to $1.36 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The business software company posted revenue of $275.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $271.3 million.
Manhattan Associates expects full-year earnings in the range of $4.95 to $4.97 per share, with revenue in the range of $1.07 billion to $1.08 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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