VMware (NYSE:VMW) 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 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 , still down 29.20% from its 52 week high of $201.57 set on May 28, 2019. 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 April 30, 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 April 29 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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