Shares of Manhattan Associates (MANH, Financial) plunged more than 20%, trading at $221.4. The decline follows the company's release of its fourth-quarter earnings report. The company reported revenue of $255.8 million, surpassing the estimated $253.1 million. Both earnings and sales figures exceeded analysts' expectations.
Despite the positive quarterly performance, the company's forecast for the fiscal year 2025 fell short of analysts' predictions. This outlook has led investment banks to issue a hold rating on the stock. Analysts have also highlighted potential challenges in revenue and earnings per share growth for the company moving forward.
