PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — VMware Inc. (VMW) on Thursday reported fiscal first-quarter profit of $224 million.
On a per-share basis, the Palo Alto, California-based company said it had net income of 52 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were $1.49 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The cloud computing company posted revenue of $3.28 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.31 billion.
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