Manhattan Associates Q2 adjusted earnings Beat Estimates

(RTTNews) - Manhattan Associates (MANH) released earnings for second quarter that declined from the same period last year.

The company's earnings came in at $20.93 million, or $0.32 per share. This compares with $27.67 million, or $0.42 per share, in last year's second quarter.

Excluding items, Manhattan Associates reported adjusted earnings of $27.24 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.8% to $154.34 million from $141.87 million last year.

Manhattan Associates earnings at a glance:

-Earnings (Q2): $27.24 Mln. vs. $31.49 Mln. last year. -EPS (Q2): $0.42 vs. $0.47 last year. -Analysts Estimate: $0.34 -Revenue (Q2): $154.34 Mln vs. $141.87 Mln last year.

-Guidance: Full year EPS guidance: $1.46 - $1.50 Full year revenue guidance: $598 - $604 Mln