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Citrix Systems (CTXS) Stock Gains in After-Hours Trading on Earnings Beat, Strong Guidance

NEW YORK (TheStreet) -- Shares of Citrix Systems (CTXS - Get Report) were gaining 7.6% to $77.40 after-hours on Wednesday after the business software company beat analysts' estimates for earnings in the third quarter.

Citrix reported earnings of $1.04 a share for the third quarter, beating analysts' estimates of 84 cents a share for the quarter. Revenue grew 7.2% year over year to $813.3 million for the quarter, above analysts' estimates of $786.02 million.

Looking to full year 2015, the software company said it expects earnings of $3.85 to $3.90 a share...