U.S. Markets closed

Manhattan Associates posts 4Q profit

ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Tuesday reported fourth-quarter net income of $29.9 million.

On a per-share basis, the Atlanta-based company said it had net income of 42 cents. Earnings, adjusted for stock option expense and amortization costs, were 46 cents per share.

The business software company posted revenue of $147.6 million in the period.

For the year, the company reported profit of $124.2 million, or $1.72 per share. Revenue was reported as $604.6 million.

Manhattan Associates expects full-year earnings in the range of $1.89 to $1.93 per share, with revenue in the range of $622 million to $632 million.

Manhattan Associates shares have fallen slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $51.26, a drop of almost 10 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MANH at https://www.zacks.com/ap/MANH

_____

Keywords: Manhattan Associates, Earnings Report