Investing.com - Citrix Systems (NASDAQ:CTXS) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.67 on revenue of $801.9M. Analysts polled by Investing.com expected EPS of $1.6 on revenue of $791.31M. That compared to EPS of $1.66 on revenue of $777.9M in the same period a year earlier. The company had reported EPS of $1.4 on revenue of $732.48M in the previous quarter.
Citrix Systems shares lost 3.50% to trade at $104.86 in after-hours trade following the report.
Citrix Systems follows other major Technology sector earnings this month
On January 17, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.
IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.75B
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