Manhattan Associates Q1 Profit Rises; Raises Full-Year Guidance

(RTTNews) - Manhattan Associates Inc. (MANH) reported that its first-quarter net income increased to $18.71 million or $0.24 per share, from $13.35 million or $0.17 per share, previous year. Adjusted net income was $20.14 million or $0.26 per share, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $113.56 million from $96.60 million. Analysts expected revenue of $106.43 million for the quarter.

The compay currently expects 2014 total revenue in the range of $460 million to $465 million; adjusted earnings per share in the range of $1.06 to $1.08; and GAAP earnings per share in the range of $0.99 $1.01.

The company previously expected its 2014: total revenue to be in the range of $450 million to $455 million; adjusted earnings per share in the range of $1.01 to $1.03; and GAAP earnings per share in the range of $0.94 $0.96.

Analysts expect the company to report 2014 earnings per share of $1.02 on revenue of $452.48 million.