Citrix Systems Inc. (CTXS) reported first quarter adjusted EPS of $0.62 after the close Wednesday, which fell short of the consensus estimate of $0.63. The company expects to report second quarter adjusted EPS of $0.62 to $0.63 and between $3.08 and $3.11 for the full year 2013. The consensus estimates are for EPS of $0.70 and $3.14.
Citrix Systems gapped open sharply lower Thursday and pulled back in early trade, before settling into a range. Shares finished with a loss of 4.72 at $62.94, with volume at a 6-month high. The stock dropped below a 2 1/2 week range and set over a 4-month low.
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