ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported fourth-quarter profit of $52 million.
The Atlanta-based company said it had profit of 86 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.21 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The business software company posted revenue of $270.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $264.2 million.
For the year, the company reported profit of $219.9 million, or $3.60 per share. Revenue was reported as $1.08 billion.
Manhattan Associates expects full-year earnings in the range of $5.04 to $5.20 per share, with revenue in the range of $1.13 billion to $1.15 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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