Manhattan Associates Increases 2016 Earnings Guidance

(RTTNews) - Manhattan Associates, Inc. (MANH) announced, for the full year 2016, the company now projects adjusted EPS to be in a range of $1.78 to $1.81, compared to its previous guidance of $1.73 to $1.76. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.76. Analysts' estimates typically exclude special items.

Manhattan Associates now projects full year GAAP EPS in a range of $1.63 to $1.66 compared to its previous outlook of $1.58 to $1.61. The company continues to expect full year total revenue in a range of $615 million to $620 million. Analysts expect full year revenue of $617.2 million.

For second-quarter, GAAP earnings per share was $0.46 compared to $0.35, prior year. Adjusted earnings per share, a non-GAAP measure, was $0.49, compared to $0.37. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter.

Consolidated total revenue was $154.9 million in second quarter 2016, compared to $139.1 million, a year ago. License revenue was $20.6 million compared to $19.8 million, last year. Analysts expected revenue of $153.71 million, for the quarter.