Why Manhattan Associates Shares Got Crushed Today
Shares of Manhattan Associates (NASDAQ: MANH) have gotten crushed today, down by 11% as of 11:15 a.m. EDT, after the company reported third-quarter earnings yesterday after the market closed. Despite better-than-expected results, pessimism over the retail industry continues to hurt investor sentiment.
Revenue in the third quarter came in at $152.9 million, roughly flat from a year ago. License revenue fell to $18.8 million, down from $21.6 million a year ago. Adjusted earnings per share were $0.51. The Street was expecting sales of $150.4 million, with adjusted earnings per share of $0.50.
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Source: Fool.com
Manhattan Associates Inc. Stock
€206.00
-0.970%
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Manhattan Associates Inc..
As a result the target price of 227 € shows a slightly positive potential of 10.19% compared to the current price of 206.0 € for Manhattan Associates Inc..
