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Citrix Systems (CTXS) Stock Climbs in After-Hours Trading on Q3 Beat, Guidance

NEW YORK (TheStreet) -- Shares of Citrix Systems (CTXS) were jumping in after-hours trading on Wednesday as the company reported better-than-expected 2016 third-quarter results and raised its full-year outlook.

Citrix posted earnings of $1.32 per diluted share, surpassing analysts' projected $1.19 per share.

Revenue rose 3% year-over-year to $841.0 million, which beat Wall Street's estimated $827.2 million.

In 2015, the Fort Lauderdale, FL-based software company earned $1.66 per diluted share and $813 million in revenue.

Citrix lifted its 2016 earnings forecast to be in the range of $5.18 to $5.20 per...