Manhattan Associates Reports Strong Q4 Earnings, Exceeding Expectations
ATLANTA - Manhattan Associates Inc. (MANH) announced its fourth-quarter financial results today, reporting a profit of $48 million. On a per-share basis, the Atlanta-based company earned 77 cents.
Adjusted for stock option expenses and non-recurring costs, earnings reached $1.17 per share, surpassing Wall Street estimates of $1.06 per share. Additionally, revenue for the quarter totaled $255.8 million, exceeding expectations of $253.5 million.
For the full year, Manhattan Associates reported a profit of $218.4 million or $3.51 per share, with revenue reaching $1.04 billion.
The company forecasts full-year earnings in the range of $4.45 to $4.55 per share, with revenue estimated between $1.06 billion and $1.07 billion.