Manhattan Associates Posts $1.55 Q3 Adjusted EPS
MANH sits 97% above its 52-week low of $119.06.
Summary
Manhattan Associates reported Q3 EPS of $1.04 and net income of $61.3 million, alongside a Q3 adjusted EPS of $1.55. That lands alongside the 8-K filed minutes earlier showing record Q3 revenue of $306.2 million, cloud revenue up 28%, and RPO up 25% to $2.59 billion. The profit line matters because Q2 showed the strain of growth: revenue rose 9% but operating income fell 10% and diluted EPS dropped 9% on an $8.3 million restructuring charge. A $1.55 adjusted figure suggests that margin pressure did not carry into Q3. Shares sit near a 52-week high of $242.63, so the bar was high going in.
At the time of this announcement, MANH was trading at $233.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.6B. The 52-week trading range was $119.06 to $242.63. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.