ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Thursday reported second-quarter net income of $19.2 million.
On a per-share basis, the Atlanta-based company said it had net income of 30 cents. Earnings, adjusted for stock option expense and amortization costs, were 40 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The business software company posted revenue of $135.6 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $127.3 million.
Manhattan Associates expects full-year earnings in the range of $1.53 to $1.59 per share, with revenue in the range of $554 million to $570 million.
Manhattan Associates shares have increased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $95.64, a climb of 31% 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
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