Manhattan Associates Shares Fall on Downbeat Outlook

Dow Jones
01-29
 

By Connor Hart

 

Shares of Manhattan Associates fell after the company's 2025 outlook missed estimates.

The stock was down 22%, to $231, in after-hours trading Tuesday. Shares ended the regular session 2.4% higher, at $295.10, putting them up 32% in the past year.

The provider of supply-chain and omnichannel-commerce solutions said it expects adjusted per-share earnings to fall 6% to 4%, to between $4.45 and $4.55, in 2025. It guided for revenue to grow 2% to 3%, to between $1.06 billion and $1.07 billion, during the same time.

This year, analysts surveyed by FactSet are expecting adjusted earnings of $4.89 a share, a 3.6% increase from 2024, on revenue of $1.14 billion, up 9%.

Chief Executive Eddie Capel said the company is remaining cautious amid a turbulent macro environment.

During its fourth quarter, Manhattan reported net income of $48 million, or 77 cents a share, compared with $48.7 million, or 78 cents a share, a year earlier.

Adjusted per-share earnings came in at $1.17, beating the $1.06 that analysts polled by FactSet expected.

Revenue increased 7.3% to $255.8 million, just ahead of the $253.1 million that analysts had forecast.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

January 28, 2025 17:40 ET (22:40 GMT)

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