logo
Plus   Neg
Share
Email

Citrix Systems Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, Citrix Systems, Inc. (CTXS) raised its earnings and revenue guidance for the full-year 2019.

For fiscal 2019, the company now projects earnings in a range of $4.45 to $4.67 per share and adjusted earnings in a range of $5.60 to $5.70 per share on revenues between $2.99 billion and $3.01 billion.

Previously, the company expected adjusted earnings in the range of $3.31 to $3.62 per share and adjusted earnings in a range of $5.35 to $5.60 per share on revenues between $2.97 billion and $3.01 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.48 per share on revenues of $2.99 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2020, the company now expects earnings in a range of $3.34 to $3.54 per share and adjusted earnings in a range of $5.25 to $5.45 per share on revenue growth of 3 to 4 percent.

The Street is currently looking for earnings of $6.07 per share on revenues of $3.12 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Airbnb has introduced few new rules to control parties and nuisances amidst the backlash the service received after the Halloween shooting at an Airbnb rental in a San Francisco. San Francisco-based Airbnb said it is banning "open invite" parties at all of its accommodations. The company is also banning... The U.S. Food and Drug Administration has approved three generic versions of Novartis' Gilenya capsule for treating relapsing forms of multiple sclerosis. "Approving safe and effective generics so patients have more treatment options continues to be a priority for the FDA," said Janet Woodcock, director... Shares of Upscale furniture chain RH (RH) are on a tear, on the heels of an upbeat annual forecast. Today, the stock set a new all-time high of $239.88.The stock is up more than 20% from its Dec 3 opening price of $196.66, and currently trading at $237.8, and nearly three-times its 52-week low of $84.11....
RELATED NEWS
Follow RTT
>