Manhattan Associates Q1 adjusted earnings Beat Estimates

(RTTNews) - Manhattan Associates (MANH) released earnings for first quarter that declined from the same period last year.

The company's earnings totaled $22.65 million, or $0.33 per share. This compares with $28.22 million, or $0.40 per share, in last year's first quarter.

Excluding items, Manhattan Associates reported adjusted earnings of $24.92 million or $0.37 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 9.0% to $130.57 million from $143.49 million last year.

Manhattan Associates earnings at a glance:

-Earnings (Q1): $24.92 Mln. vs. $29.16 Mln. last year. -EPS (Q1): $0.37 vs. $0.42 last year. -Analysts Estimate: $0.31 -Revenue (Q1): $130.57 Mln vs. $143.49 Mln last year.

-Guidance: Full year EPS guidance: $1.48 - $1.52 Full year revenue guidance: $546 - $558 Mln