05:17 AM EST, 01/29/2025 (MT Newswires) -- (Updates with the recent stock move in the headline and the first paragraph)

Manhattan Associates ( MANH ) shares fell more than 24% in pre-bell Wednesday after the company reported Q4 earnings and sales that beat market expectations but the forecast for next year lagged estimates.

The company reported Q4 non-GAAP adjusted net income of $1.17 per share late Tuesday, up from $1.03 a year earlier.

Analysts polled by FactSet expected $1.06.

Revenue for the quarter ended Dec. 31 was $255.8 million, up from $238.3 million a year earlier.

Analysts surveyed by FactSet expected $253.1 million.

The company expects 2025 adjusted EPS of $4.45 to $4.55 on revenue of $1.06 billion to $1.07 billion. Analysts polled by FactSet anticipate $4.92 and $1.14 billion, respectively.

Price: 221.99, Change: -73.11, Percent Change: -24.77