FORT LAUDERDALE, Fla. (AP) _ Citrix Systems Inc. (CTXS) on Wednesday reported third-quarter earnings of $131.9 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of 84 cents. Earnings, adjusted for one-time gains and costs, came to $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The cloud computing company posted revenue of $841.3 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $826.5 million.
Citrix expects full-year earnings in the range of $5.18 to $5.20 per share, with revenue in the range of $3.4 billion to $3.41 billion.
Citrix shares have increased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 5 percent. In the final minutes of trading on Wednesday, shares hit $86.30, an increase of 14 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTXS at http://www.zacks.com/ap/CTXS
Keywords: Citrix Systems, Earnings Report
Automated Insights, source Associated Press News