Manhattan Associates Q3 Profit Increases, beats estimates

(RTTNews) - Manhattan Associates (MANH) announced earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $49.4 million, or $0.79 per share. This compares with $29.7 million, or $0.47 per share, in last year's third quarter.

Excluding items, Manhattan Associates reported adjusted earnings of $65.2 million or $1.05 per share for the period.

Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.3% to $238.4 million from $198.1 million last year.

Manhattan Associates earnings at a glance (GAAP) :

-Earnings (Q3): $49.4 Mln. vs. $29.7 Mln. last year. -EPS (Q3): $0.79 vs. $0.47 last year. -Analyst Estimate: $0.76 -Revenue (Q3): $238.4 Mln vs. $198.1 Mln last year.

-Guidance: Full year EPS guidance: $3.51 - $3.53 Full year revenue guidance: $912 - $916 mln