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Manhattan Associates: Q2 Earnings Snapshot
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ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported second-quarter net income of $50.4 million.

On a per-share basis, the Atlanta-based company said it had net income of 85 cents. Earnings, adjusted for stock option expense and restructuring costs, came to $1.39 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The business software company posted revenue of $297.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $287.4 million.

Manhattan Associates expects full-year earnings in the range of $5.44 to $5.50 per share, with revenue in the range of $1.16 billion to $1.17 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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