Manhattan Associates (MANH) Releases Earnings Results, Beats Expectations By $0.05 EPS

Manhattan Associates (MANH) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.44. The company posted revenue of $154.89 million in the period, compared to analysts expectations of $153.71 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Manhattan Associates opened for trading at $63.29 and hit $63.97 on the upside on Monday, eventually ending the session at $63.87, with a gain of 0.92% or 0.58 points. The heightened volatility saw the trading volume jump to 8,04,485 shares. Company has a market cap of $4,607 M.

In a different news, on Jun 8, 2016, Brian J Cassidy (director) sold 17,792 shares at $67.00 per share price. According to the SEC, on Apr 25, 2016, Eddie Capel (President & CEO) sold 20,000 shares at $66.36 per share price. On Mar 4, 2016, Bruce Richards (Sr. V.P. & Chief Legal Officer) sold 11,268 shares at $58.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Manhattan Associates Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing selling deploying servicing and maintaining software solutions designed to manage supply chains inventory and Omni-channel operations for retailers wholesalers manufacturers logistics providers and other organizations. The Company’s solutions consist of software services and hardware which coordinate people workflows assets events and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain Omni-channel and inventory. Its solutions enable coordinating the actions data exchange and communication of participants in supply chain ecosystems such as manufacturers suppliers distributors trading partners transportation providers channels (such as catalogers store retailers and Web outlets) and consumers. It has operations in North America Europe and the Asia/Pacific region.

Manhattan Associates

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