ATLANTA (AP) _ Manhattan Associates Inc. (MANH) on Thursday reported third-quarter earnings of $25 million.
The Atlanta-based company said it had net income of 39 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 51 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The business software company posted revenue of $149.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $139 million.
Manhattan Associates expects full-year earnings in the range of $1.62 to $1.66 per share, with revenue in the range of $574 million to $579 million.
Manhattan Associates shares have increased 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $103.52, an increase of 39% 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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