VMware Inc reports results for the quarter ended in July - Earnings Summary

VMware

31/08/2023 22:01

* VMware Inc  VMW.N  reported quarterly adjusted earnings of
$1.83​​ per share for the quarter ended in July. The mean
expectation of eleven analysts for the quarter was for earnings
of $1.71 per share.
    * Revenue rose 2.2% to $3.41 billion from a year ago;
analysts
expected $3.46 billion. 
    * VMware Inc's reported EPS for the quarter was $1.10​.
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * VMware Inc shares had risen by 16.0% this quarter and
gained 35.8% so far this year.
    * The company reported quarterly net income of $477 million.
    * Wall Street's median 12-month price target for VMware Inc
is
$142.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 31 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      1.71           1.83           Beat
 Apr. 30 2023      1.56           1.49           Missed
 Jan. 31 2023      1.92           2.13           Beat
 Oct. 31 2022      1.58           1.47           Missed