Manhattan Associates skyrockets 28% after bumper results, upgraded guidance

Manhattan Associates (MANH) shares surged nearly 28% to $215 following its second-quarter earnings report, which beat estimates for both revenue and profit. The company also raised its full-year guidance, driving the stock to its highest level since September of the previous year.

Manhattan Associates’ (MANH) shares skyrocketed by nearly 28% on Wednesday following its second-quarter earnings, where it beat estimates for both top and bottom lines and raised its full-year guidance. Shares soared 27.85% to $215 during midday trading—its highest level since September last year. The Atlanta, Georgia-based company posted Q2 earnin...