VMware: Fiscal 3Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ VMware Inc. (VMW) on Thursday reported fiscal third-quarter earnings of $334 million.
On a per-share basis, the Palo Alto, California-based company said it had net income of 81 cents. Earnings, adjusted for one-time gains and costs, were $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The cloud computing company posted revenue of $2.2 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $2.17 billion.
VMware expects full-year earnings to be $6.22 per share, with revenue expected to be $8.88 billion.
VMware shares have climbed 29 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $161.38, a climb of 35 percent in the last 12 months.