Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Along the same lines as the previous post, VMWare (VMW) has posted very nice results tonight, and is being rewarded with a very modest pop – it is up just over a $1 from the close. This despite a solid beat on revenue and a 7 cent beat on the bottom line. Guidance looks to be fine. Three months ago, the stock would have been screaming but perhaps some of the other damage in tech land tonight is keeping the lid on things.
Via Barron’s – full report here.
- Enteprise “virtualization” software vendor VMWare this afternoon reported Q1 revenue and earnings per share that topped analysts’ estimates, and forecast the current quarter’s revenue in line with expectations, while forecasting the year comfortably ahead of consensus.
- Revenue in the three months ended in March rose to $1.06 billion, yielding EPS of 66 cents.
- Analysts had been modeling $1.03 billion and 59 cents, on average.
- For the current quarter, the company sees revenue in a range of $1.1 billion to $1.12 billion, in line with the average $1.11 billion.
- For the full year, the company sees revenue in a range of $4.53 billion to $4.63 billion, ahead of the average $4.57 billion estimate.
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