NasdaqGS:MANHSoftware
Manhattan Associates (MANH) Stock Price Slides After Record Revenue And Lower EPS
Manhattan Associates just gave investors a sentiment shock. The stock dropped about 6% today from roughly US$204 to around US$191 even though the company posted what management called record Q2 and first half results, with Q2 revenue of US$298m and adjusted operating margin of 34.9%. The emotional hit sits squarely on the short term price screen, while the earnings story rests on strong cloud growth and record bookings.
For you as a shareholder or watcher, the key question is whether that...