Manhattan Associates Raises EPS Guidance, Narrows Total Revenue Guidance Range

(RTTNews) - Manhattan Associates Inc. (MANH) announced, for 2018, the company now expects: total revenue in a range of $552 million to $555 million (previous guidance, $548 million to $560 million); and adjusted EPS in a range of $1.69 to $1.71 (previous guidance, $1.57 to $1.61).

Manhattan Associates CEO Eddie Capel said: "We posted solid operating results for Q3 highlighted by ongoing progress in our cloud transition and the strengthening of our Global Services business. Q3 total revenue and earnings per share performance improved over Q2 in line with expectations and we expect to exit 2018 stronger than we entered the year. Based on our outlook for the remainder of the year, we are raising our 2018 full-year earnings guidance and are narrowing the range of our full-year total revenue estimate."

For the third-quarter, adjusted diluted earnings per share was $0.49, compared to $0.51, prior year. Consolidated total revenue was $142.4 million, compared to $152.9 million, a year ago.