Manhattan Associates Q2 Profit Tops View; Lifts FY13 Earnings Outlook

(RTTNews) - Manhattan Associates Inc. (MANH) posted second-quarter GAAP net income of $17.4 million or $0.89 per share, compared to $14.2 million or $0.70 per share in the comparable quarter last year.

Adjusted earnings for the quarter were $18.8 million or $0.96 per share, up from $15.4 million or $0.76 per share in the year-ago period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.82 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest first quarter was $102.52 million, compared to $93.57 million in the previous year quarter, while three analysts had consensus revenue estimate of $103.63 million for the quarter.

For fiscal 2013, the company anticipates GAAP earnings in the range of $3.07 -$3.15 per share, adjusted earnings of $3.37 - $3.45 per share, and total revenue of $407 million - $415 million. Analysts expect the company to report earnings of $3.25 per share on revenues of $412.88 million for fiscal 2013.

Earlier, the company expected GAAP earnings in the range of $2.91 to $2.97 per share, adjusted earnings of $3.21 to $3.27 per share and revenues of $4.10 million to $4.15 million.