Manhattan Associates Q2 adjusted earnings Beat Estimates

(RTTNews) - Manhattan Associates (MANH) announced a profit for second quarter that fell from the same period last year.

The company's profit came in at $27.67 million, or $0.42 per share. This compares with $31.14 million, or $0.45 per share, in last year's second quarter.

Excluding items, Manhattan Associates reported adjusted earnings of $31.49 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.0% to $141.87 million from $154.14 million last year.

Manhattan Associates earnings at a glance:

-Earnings (Q2): $31.49 Mln. vs. $35.00 Mln. last year. -EPS (Q2): $0.47 vs. $0.50 last year. -Analysts Estimate: $0.41 -Revenue (Q2): $141.87 Mln vs. $154.14 Mln last year.

-Guidance: Full year EPS guidance: $1.57 - $1.61 Full year revenue guidance: $548 -$560 Mln