Why Manhattan Associates (MANH) Stock Is Up

NEW YORK (TheStreet) -- Shares of Manhattan Associates Inc. (MANH) are higher by 4.12% to $33.60 in after-hours trading on Tuesday, after the company reported an increase in diluted earnings per share to 27 cents for the 2014 second quarter, compared to 22 cents for the year ago period.

The company, a leading supply chain commerce solutions provider, said adjusted earnings per diluted share was 29 cents for the most recent quarter, compared to 24 cents for the 2013 second quarter.

Manhattan Associates' consolidated revenue totaled $122.5 million for the second quarter of 2014 versus $102.5 million for the same quarter last year.

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Separately, TheStreet Ratings team rates MANHATTAN ASSOCIATES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate MANHATTAN ASSOCIATES INC (MANH) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

MANH Chart MANH data by YCharts

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