Manhattan Associates Q4 Profit Falls

(RTTNews) - Manhattan Associates (MANH) announced earnings for fourth quarter that lost ground from last year.

The company said its bottom line fell to $30.62 million, or $0.45 per share. This was lower than $32.75 million, or $0.46 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.4% to $144.09 million. This was down from $147.59 million last year.

Manhattan Associates earnings at a glance:

-Earnings (Q4): $30.62 Mln. vs. $32.75 Mln. last year. -Earnings Decline (Y-o-Y): -6.5% -EPS (Q4): $0.45 vs. $0.46 last year. -EPS Decline (Y-o-Y): -2.2% -Analysts Estimate: $0.45 -Revenue (Q4): $144.09 Mln vs. $147.59 Mln last year. -Revenue Change (Y-o-Y): -2.4%