Latest News by Industry
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.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VMW">Zacks stock report on VMW at https://www.zacks.com/ap/VMW