Citrix Systems Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - Citrix Systems Inc (CTXS) reported earnings for its third quarter that increased from the same period last year.

The company's earnings came in at $158.86 million, or $1.08 per share. This compares with $126.72 million, or $0.82 per share, in last year's third quarter.

Excluding items, Citrix Systems Inc reported adjusted earnings of $197.44 million or $1.40 per share for the period.

Analysts had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $732.48 million from $690.93 million last year.

Citrix Systems Inc earnings at a glance:

-Earnings (Q3): $197.44 Mln. vs. $186.15 Mln. last year. -EPS (Q3): $1.40 vs. $1.22 last year. -Analysts Estimate: $1.25 -Revenue (Q3): $732.48 Mln vs. $690.93 Mln last year.

-Guidance: Full year EPS guidance: $5.55 to $5.60 Full year revenue guidance: $2.95 - $2.97 Bln