Manhattan Associates Q4 Profit Decreases, But Beats Estimates

(RTTNews) - Manhattan Associates (MANH) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $48.02 million, or $0.77 per share. This compares with $48.74 million, or $0.78 per share, last year.

Excluding items, Manhattan Associates reported adjusted earnings of $72.70 million or $1.17 per share for the period.

Analysts on average had expected the company to earn $1.06 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.4% to $255.80 million from $238.26 million last year.

Manhattan Associates earnings at a glance (GAAP) :

-Earnings: $48.02 Mln. vs. $48.74 Mln. last year. -EPS: $0.77 vs. $0.78 last year. -Revenue: $255.80 Mln vs. $238.26 Mln last year.