Manhattan Associates Inc. (MANH) Is Rising After Q3 Profit Topped Expectations

Manhattan Associates Inc. (MANH) reported third quarter adjusted EPS of $0.49 after the bell Tuesday, down from $0.51 in the previous year. The consensus estimate was for EPS of $0.40. The company now expects to report full year adjusted EPS of $1.69 to $1.71, up from prior expectations of $1.57 to $1.61. Street expectations are for EPS of $1.60. The stock is now up 1.38 on 8K shares.

Manhattan Associates gapped open lower Tuesday, but recovered some ground around midday. Shares finished down by 0.37 at $47.62.

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