Citrix Systems Q3 Adj. Profit Tops View; Issues Q4 Outlook - Quick Facts

(RTTNews) - Citrix Systems Inc. (CTXS) reported that its third-quarter net income was $76.7 million, or $0.41 per share, compared to $78.2 million, or $0.41 per share in the comparable quarter last year.

Non-GAAP net income was $131.8 million, or $0.70 per share, compared to $128.2 million, or $0.68 per share, prior year. On average, 30 analysts polled by Thomson Reuters expected the company to report profit of $0.69 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenues were $712.73 million, compared to $641.42 million prior year. Analysts expected revenue of $711.99 million for the quarter.

The company expects fourth quarter GAAP earnings per share in the range of $0.66 to $0.70, and non-GAAP earnings per share in the range of $0.95 to $1.00 and net revenue in the range of $800 million to $810 million. Analysts expect the company to report fourth quarter earnings of $1.05 per share on revenue of $819.67 million.