** Shares of software firm Manhattan Associates MANH.O down 23.1% premarket to $227, over six-month low, after 2025 forecast missed consensus

** MANH shares on track for biggest one-day pct drop since Jul 2002, if losses hold

** Atlanta, Georgia-based supply chain solutions provider late Tues said expects 2025 rev of $1.06-$1.07 bln and adj EPS of $4.45-$4.55, saying it remains cautious on turbulent macro environment

** Analysts on avg had called for 2025 rev of $1.14 bln and adj EPS of $4.91, per LSEG

** For Q4, rev grew ~7% y/y to $255.8 mln, just above consensus of $253.1 mln, and adj EPS of $1.17 topped estimate of $1.06

** Reacting to report, several brokerages cut their PTs, including Raymond James to $270 from $305, and Citigroup to $244 from $303

** Through Tues close, shares had risen about 30% over the past year compared to roughly 25% advance in S&P 400 Software & Services index .SPMDCIS in same time frame

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))