TheStreet

Shares of supply chain solutions technology provider Manhattan Associates (MANH - Get Report)  soared Wednesday following the company's strong second-quarter earnings beat. 

The company reported second-quarter earnings of 42 cents per share on revenue of $154.3 million, up 9% year over year. Analysts were expecting earnings of 34 cents per share on revenue of $146 million. 

"Q2 was another solid growth quarter for Manhattan Associates posting record total revenue and exceeding our earnings expectations on strong demand," said CEO Eddie Capel. "In a turbulent global macro, our suite of Manhattan Active™ omnichannel, inventory and supply chain solutions continued to drive solid revenue momentum positioning us well for the balance of 2019."

For the year, the company raised its revenue guidance to between $598 million and $604 million vs. previous guidance of between $582 million and $592 million. Earnings are now expected between $1.46 and $1.50 per share, up from its previous view between $1.42 and $1.46. 

Manhattan Associates shares were rising 19.1% on Wednesday to $86.74.