Manhattan Associates Raises Full-year Adj. EPS Guidance - Quick Facts

(RTTNews) - Manhattan Associates, Inc. (MANH) announced the company now expects its fiscal 2016 adjusted EPS to be in the range of $1.82 to $1.84, compared to previous guidance of $1.78 to $1.81. The company now expects total revenue to be between $603 to $609 million, compared to previous guidance of $615 to $620 million. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.79 on revenue of $615.98 million. Analysts' estimates typically exclude special items.

Third-quarter adjusted earnings per share was a record $0.50 compared to $0.42, prior year. Consolidated total revenue was $152.2 million compared to $142.3 million, prior year. License revenue was $21.6 million compared to $19.1 million, last year.

Eddie Capel, Manhattan Associates CEO, stated: "We remain focused on serving our customers and investing in omni-channel, retail store and distribution management innovation to extend our market leadership. Demand for our solutions continues to be solid and we are making excellent progress with our innovation road map. Our outlook for the balance of 2016 and beyond is quite positive."