Stock Track | Manhattan Associates Soars 8.33% After-Hours on Strong Q1 Earnings Beat and Raised Guidance

Stock Track04-22

Manhattan Associates' stock surged 8.33% in after-hours trading on Tuesday, following the release of the company's first-quarter financial results.

The supply chain solutions provider reported quarterly adjusted earnings of $1.24 per share, beating analyst estimates of $1.11. Revenue for the quarter rose to $282.2 million, also exceeding expectations of $273.8 million. The company attributed the strong performance to solid and broad-based demand, with cloud subscription revenue growing to $117.1 million from $94.3 million a year ago.

Furthermore, Manhattan Associates raised its full-year 2026 outlook, now projecting adjusted earnings per share in the range of $5.29 to $5.37, up from its previous forecast of $5.04 to $5.20. This upward revision, coupled with the quarterly earnings and revenue beat, drove significant investor optimism in the extended session.

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