Supply-chain software maker
warned Thursday that third-quarter earnings will fail to meet analysts' expectations.
Atlanta-based Manhattan, viewed by some as an early play on
radio frequency identification technology, said earnings under generally accepted accounting principles are expected to range from 14 to 16 cents a share and excluding charges will be 16 cents to 18 cents a share -- far short of analyst estimates gathered by Thomson First Call pegging adjusted earnings at 24 cents a share.
CEO Peter Sinisgalli said in a statement that Manhattan's results were hurt by delays closing software sales -- a reason that many software makers cited last quarter to explain weak results. The company did not pre-release sales figures for the quarter, however. Analysts are expecting revenue of $60 million.
Manhattan Associates will host a conference call Friday morning to talk about its preliminary figures and release all of its results Oct. 20.
Manhattan shares closed up 16 cents, or 0.6%, at $25.94 on Thursday.