Manhattan Associates Raises 2019 Guidance - Quick Facts

(RTTNews) - Manhattan Associates Inc. (MANH) said its second-quarter was another solid growth quarter posting record total revenue and exceeding earnings expectations on strong demand. Based on this, the company increased its fiscal 2019 revenue, and adjusted EPS guidance. For 2019, the company now expects adjusted EPS in a range of $1.46 to $1.50, up from previous guidance of $1.42 to $1.46. Total revenue is now expected in a range of $598 million to $604 million, up from previous guidance range of $582 million to $592 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.44 on revenue of $588.5 million. Analysts' estimates typically exclude special items.

For the second-quarter, adjusted earnings per share was $0.42 compared to $0.47, prior year. On average, four analysts expected the company to report profit per share of $0.34 for the quarter.

Second-quarter total revenue was $154.3 million, compared to $141.9 million, a year ago. Analysts expected revenue of $146 million, for the quarter.

Shares of Manhattan Associates were up more than 7% after hours.