Citrix Systems Inc Q4 Profit Decreases, but beats estimates

(RTTNews) - Citrix Systems Inc (CTXS) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $102.90 million, or $0.81 per share. This compares with $112.09 million, or $0.89 per share, in last year's fourth quarter.

Excluding items, Citrix Systems Inc reported adjusted earnings of $186 million or $1.47 per share for the period.

Analysts on average had expected the company to earn $1.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $850.85 million from $809.66 million last year.

Citrix Systems Inc earnings at a glance (GAAP) :

-Earnings (Q4): $102.90 Mln. vs. $112.09 Mln. last year. -EPS (Q4): $0.81 vs. $0.89 last year. -Analyst Estimates: $1.08 -Revenue (Q4): $850.85 Mln vs. $809.66 Mln last year.