Manhattan Associates Inc: Gains after raising full-year forecast

Manhattan Associates

28/04/2021 16:48

** Supply chain solutions co's shares  MANH.O  jump 11.8% to
$143.49 - set for biggest daily pct gain in over a year 
    ** Raises FY21 adj EPS outlook to between $1.60 and $1.70,
from $1.44-$1.59 previously and above est of $1.54 - Refinitiv
data 
    ** Sees FY revenue between $625 mln and $640 mln, up from
its previous expectation of $595 mln-$625 mln and vs est of
$612.8 mln  urn:newsml:reuters.com:*:nGNX6Bcqkm 
    ** Posts Q1 adj profit of 43 cents/shr, beating analyst est
of 32 cents/shr
    ** Q1 revenue of $156.9 mln comes above Refinitiv IBES est
of $143.9 mln 
    ** "Deal activity was solid across our solutions, with
demand notably impressive for Manhattan Active Warehouse
Management, which in turn is fueling strong services demand and
increased visibility to future revenue growth”- CEO
    ** Truist Securities raises PT on stock by $29 to $165
    ** MANH has risen ~37% so far this year

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))