Movement Alert|Manhattan Associates Overnight Rise 6.24%, Q2 Earnings Beat Expectations with Full-Year Guidance Raised

Market Focus07-29

On July 29, Manhattan Associates rose 6.24% overnight, trading at $178.67/share. The rally was driven by the company's stronger-than-expected second quarter results and an upward revision to full-year guidance.

Manhattan Associates reported Q2 adjusted earnings of $1.39 per share, beating the consensus estimate of $1.32 by 5.3% and representing a 6.11% year-over-year increase from $1.31. Revenue came in at $297.8 million, surpassing the $287.9 million estimate by approximately 3.4% and up from $272.4 million a year earlier. This marks the second consecutive quarter of significant outperformance, following a 10.71% EPS beat in Q1. The company raised its full-year revenue guidance to $1.16 billion to $1.17 billion, above the FactSet consensus of $1.15 billion, and expects adjusted EPS of $5.44 to $5.50 versus the $5.37 estimate.

Management noted that while remaining vigilant about ongoing global macro volatility, it remains confident in its business momentum. The company had previously announced a 6% workforce reduction and a $500 million share buyback program, further reinforcing market confidence in long-term value creation.

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