FX.co ★ Manhattan Associates Q4 Profit Increases, beats estimates

Manhattan Associates (MANH) has recently announced their fourth-quarter earnings for last year, displaying a significant increase compared to the same time period from the previous year. The company's earnings surpassed Wall Street predictions.

Manhattan Associates earned a total of $48.7 million, which translates to $0.78 per share. This shows growth from the $37.9 million, i.e., $0.60 per share noted in the prior year's fourth quarter.

After considering exclusions, Manhattan Associates reported an adjusted earning of $64.2 million or $1.03 per share for that period.

Referring to Thomson Reuters' accumulation, the average analyst had projected the company to earn $0.80 per share. Such estimates generally exclude unique items.

With regard to the company's quarter revenue, there was an increase of 20.3%, reaching $238.3 million compared with $198.1 million from last year.

A quick review of Manhattan Associates earnings (on a GAAP basis) includes:

- Earnings (Q4): $48.7 Million compared to $37.9 Million last year.

- EPS (Q4): $0.78, versus $0.60 last year.

- Average Analyst Estimate: $0.80

- Revenue (Q4): $238.3 Million, an increase from $198.1 Million last year.