FX.co ★ Manhattan Associates Q3 Profit Increases, Beats Estimates

Manhattan Associates (MANH) reported an impressive performance in its third-quarter earnings, surpassing both last year's figures and Wall Street expectations. The company posted a net income of $63.78 million, equivalent to $1.03 per share, a notable rise from $49.42 million, or $0.79 per share, in the corresponding period of the previous year.

On an adjusted basis, excluding special items, earnings reached $83.37 million, or $1.35 per share. This exceeded the average projection by analysts, who, based on Thomson Reuters data, had anticipated earnings of $1.06 per share.

The company's revenue for the quarter saw an 11.8% increase, climbing to $266.68 million compared to $238.44 million in the previous year.

Key financial metrics for Manhattan Associates (GAAP):

- Net Income (Q3): $63.78 million, compared to $49.42 million last year

- Earnings Per Share (Q3): $1.03, up from $0.79 last year

- Revenue (Q3): $266.68 million, up from $238.44 million last year

Future Outlook:

- Full-year EPS is projected between $4.60 and $4.62

- Full-year revenue is anticipated to fall between $1,039 million and $1,041 million