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Manhattan Associates Inc. (MANH) Set A New High After Q4 Earnings Beat

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Manhattan Associates Inc. (MANH: Quote) reported fourth quarter adjusted EPS of $0.71 after the close Tuesday, compared to $0.60 a year ago. The consensus estimate was for EPS of $0.67. Full year 2013 adjusted EPS is expected to be between $3.15 and $3.21, compared to the consensus estimate of $3.10.

Manhattan Associates gapped open higher Wednesday and climbed in early trade. Shares ended the session higher by 5.17 at $69.07 on the highest volume of the year. The stock broke out of a 1-month range and set a new high for the year.

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by RTT Staff Writer

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