Investing.com - VMware reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
VMware announced earnings per share of $1.52 on revenue of $2.73B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $2.65B. That with comparison to EPS of $1.32 on revenue of $2.27B in the same period a year before.VMware had reported EPS of $2.05 on revenue of $3.07B in the previous quarter.Analysts are expecting EPS of $1.45 and revenue of $2.79B in the upcoming quarter.
VMware shares are down 5.98% from the beginning of the year and are trading at $149.00 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
VMware shares gained 4.40% in after-hours trade following the report.
VMware follows other major Technology sector earnings this month
VMware's report follows an earnings beat by Apple on Thursday, April 30, 2020, who reported EPS of $2.55 on revenue of $58.31B, compared to forecasts EPS of $2.24 on revenue of $54.78B.
Microsoft had beat expectations on Wednesday, April 29, 2020 with third quarter EPS of $1.4 on revenue of $35.02B, compared to forecast for EPS of $1.27 on revenue of $33.66B.
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