A bevy of technology companies reported third quarter results Thursday. Citrix led the parade with better than expected results as did SanDisk.
Citrix reported third quarter net income of $88 million, or 46 cents a share. Non-GAAP earnings were 62 cents a share for the third quarter. Both of those results include a tax benefit of 10 cents a share. Backing that tax gain out, Citrix's non-GAAP earnings were 52 cents a share, three cents better than estimates.
The company said revenue was $472 million, up 18 percent from a year ago. Wall Street was expecting sales of $458.4 million.
In addition, Citrix projected fourth quarter revenue of $500 million to $510 million with non-GAAP earnings between 59 cents a share to 60 cents a share. Wall Street was expecting earnings of 59 cents a share on revenue of $499.4 million.
Among other need to know technology earnings results:
- SanDisk reported third quarter earnings of $322 million, or $1.34 a share, on revenue of $1.32 billion, up 32 percent a year ago. Non-GAAP earnings were $1.30 a share. Wall Street was expecting earnings of $1.05 a share. SanDisk said it was upbeat about demand for its embedded storage products in smartphones.
- CA delivered fiscal second quarter earnings of $222 million, or 43 cents a share, on revenue of $1.1 billion, up 5 percent from a year ago. Non-GAAP earnings were 49 cents a share. Wall Street was expecting earnings of 47 cents a share on revenue of $1.09 billion. CA's outlook for 2010 was in line with its previous outlook.
- Compuware reported net income of $25.99 million, or 12 cents a share, on revenue of $225.8 million. Wall Street was expecting earnings of 9 cents a share on revenue of $221 million.