ATLANTA (AP) — ATLANTA (AP) — Manhattan Associates Inc. (MANH) on Tuesday reported fourth-quarter earnings of $48 million.
The Atlanta-based company said it had profit of 77 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.17 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The business software company posted revenue of $255.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $253.5 million.
Manhattan Associates expects full-year earnings in the range of $4.45 to $4.55 per share, with revenue in the range of $1.06 billion to $1.07 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
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