Manhattan Associates Inc

Ford Motor, Teva Pharmaceutical, and Manhattan Associates were among the biggest stock gainers Wednesday, while Parsons led the losers after slashing its guidance. Ford shares rose 8% after the automaker beat Q2 revenue and adjusted EPS estimates and raised its full-year outlook, despite a net loss from one-time charges. Manhattan Associates jumped 25% on better-than-expected Q2 results and strong guidance, and Teva Pharmaceutical gained 10% after raising its 2026 innovative drug portfolio outlook. On the downside, Parsons tumbled 38% after cutting its FY2026 revenue and profit guidance, O-I Glass fell 19% on a Q2 earnings miss and lowered outlook, and Avis Budget Group slid 12% following a revenue and earnings miss.

Several companies made notable premarket moves following their latest quarterly reports. Biogen rose 0.7% after beating revenue consensus and raising its full-year adjusted EPS guidance. GE HealthCare Technologies surged 12% on second-quarter adjusted earnings per share of $1.13, topping the FactSet consensus of $1.04, and reaffirmed its 2026 earnings guidance. Ford Motor jumped 6% after beating adjusted earnings expectations and hiking its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Vertiv tumbled 13% as its 17.8% organic revenue growth fell well short of the 23.6% FactSet consensus. Generac gained 5.5% on adjusted earnings of $2.91 per share, beating the $2.01 forecast, and reiterated its revenue growth guidance. Procter & Gamble dropped over 3% after fiscal fourth-quarter revenue of $21.2 billion missed the $21.38 billion LSEG estimate, and net income fell to $3.04 billion from $3.62 billion a year ago. Deutsche Bank rose more than 2% after posting a record second-quarter after-tax profit of 1.9 billion euros. CoStar tumbled 15% on a revenue miss and current-quarter guidance of $935 million to $945 million, below the $967.5 million consensus. Rocky Brands surged 16% as adjusted earnings per share more than tripled year-over-year, aided by tariff refunds and strong double-digit growth in several brands. KLA Corp slid 7% after issuing disappointing guidance, while Seagate Technology rose 6% on an outlook that trounced expectations, and Western Digital gained 4% in sympathy. Manhattan Associates climbed 11% after beating estimates and raising full-year forecasts. Visa lost 2% as its 2026 guidance underwhelmed, and it announced plans to cut about 2,600 jobs. Teradyne surged 9% on beats across second-quarter results and third-quarter forecasts. NXP Semiconductors lost 1.7% as its third-quarter adjusted earnings guidance bracketed the LSEG estimate. Skyworks Solutions slumped 9% after adjusted margin of 44.9% narrowly missed the 45.0% expectation.

Manhattan Associates raised its full-year 2026 total revenue guidance to between $1.16 billion and $1.166 billion while introducing a new three-tier packaging strategy called Editions for its Manhattan Active solutions. The company reported second-quarter total revenue of $298 million, up 9%, with cloud revenue increasing 26% to $127 million and remaining performance obligations reaching $2.47 billion, a 23% year-over-year rise. CEO Eric Clark said conversions from on-premises to Manhattan Active represented over 40% of new cloud bookings, and the company now expects RPO toward the high end of its $2.62 billion to $2.68 billion target range. The Editions launch, described as a packaging and pricing change rather than a new product line, offers Enterprise Premier, Enterprise, and Essentials tiers aimed at expanding the addressable market. Adjusted earnings per share guidance was raised to $5.44 to $5.50 for the full year, while the company noted that foreign exchange is now expected to be neutral compared with a prior expectation of a one-point tailwind.

Alarm.com posted the biggest analyst estimate beat and highest full-year guidance raise among four tracked vertical software stocks in Q1. The company reported revenues of $265.2 million, up 11% year on year, exceeding analysts' expectations by 5.6%, with strong beats on billings and EBITDA. Manhattan Associates delivered revenues of $282.2 million, up 7.4% year on year and beating estimates by 3.3%, while Bentley Systems grew revenues 14.5% to $424.2 million but missed billings estimates significantly. Guidewire Software achieved the fastest revenue growth at 26.9% to $372.5 million, beating estimates by 4.7%, yet provided the weakest full-year guidance update and saw its stock fall 22.4%. As a group, the four companies beat revenue consensus by 3.7% and guided in line for the next quarter, but their average share price has declined 6.7% since reporting.