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Citrix Systems Inc. (CTXS) Is Rising On Q1 Earnings News

Citrix Systems Inc. (CTXS) reported first quarter non-GAAP net income of $0.59 after the bell Wednesday, compared to $0.50 per share last year. The consensus estimate was for EPS of $0.51. The company expects to report second quarter non-GAAP EPS of $0.58 to $0.59 and between $2.75 and $2.79 for the full year 2012. The consensus estimates are for EPS of $0.63 and $2.74. The stock is now up 4.83 on 379K shares.

Citrix Systems gapped open higher Wednesday and climbed during the first half of the afternoon. Shares finished up by 2.65 at $77.17 on above average volume.

by RTTNews Staff Writer

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