Manhattan Associates is a technology company that provides supply chain and inventory optimization solutions
The company specializes in developing software for managing complex retail and distribution operations, helping businesses enhance their logistics, increase efficiency, and improve customer satisfaction. Their product offerings, including warehouse management systems and transportation management systems, are designed to streamline processes, maximize productivity, and offer increased visibility across the supply chain. With a focus on innovation, Manhattan Associates aims to empower organizations to respond more effectively to changing market demands and optimize their overall operational performance.
Shares of supply chain optimization software maker Manhattan Associates (NASDAQMANH) fell 25.6% in the morning session after the company reported weak fourth-quarter results: Its revenue guidance for next year suggests a significant slowdown in demand, and its full-year revenue guidance fell short of Wall Street's estimates. Moving down the income statement, full-year EPS guidance also came in below expectations. On the other hand, MANH beat EPS expectations on revenue, which came in slightly ahead of Wall Street's estimates. Overall, this was a weaker quarter, with the outlook weighing on shares.
Stay up-to-date with the latest market trends in the middle of the day on Wednesday. Explore the top gainers and losers during today's session in our detailed report.
Supply chain optimization software maker Manhattan Associates (NASDAQMANH) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 7.4% year on year to $255.8 million. On the other hand, the company’s full-year revenue guidance of $1.07 billion at the midpoint came in 6.3% below analysts’ estimates. Its non-GAAP profit of $1.17 per share was 10.4% above analysts’ consensus estimates.
After the conclusion of the US market's regular session on Tuesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Manhattan Associates (NASDAQMANH).
Manhattan Associates trades at $282.99 and has moved in lockstep with the market. Its shares have returned 12.7% over the last six months while the S&P 500 has gained 9.7%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Bentley (NASDAQBSY).
