VMware Inc. (VMW) Stock Gets Nailed
VMware Inc. said Monday its fourth-quarter earnings more than doubled, but revenue missed Wall Street's expectations, and shares of the virtualization software maker tumbled after hours.
The company, which went public last August in one of the tech sector's most highly anticipated IPOs since Google's, posted a profit of $78.2 million, or 19 cents per share, up from $31 million, or 9 cents per share, in the same period a year earlier.
Adjusted earnings, excluding stock options costs and other items, were 26 cents per share in the latest quarter.
Revenue rose 80 percent to $412.5 million from $229.6 million.
Analysts, on average, expected a profit of 24 cents per share on sales of $417.4 million, according to a poll by Thomson Financial. Analyst estimates typically exclude stock options costs.
The company, which went public last August in one of the tech sector's most highly anticipated IPOs since Google's, posted a profit of $78.2 million, or 19 cents per share, up from $31 million, or 9 cents per share, in the same period a year earlier.
Adjusted earnings, excluding stock options costs and other items, were 26 cents per share in the latest quarter.
Revenue rose 80 percent to $412.5 million from $229.6 million.
Analysts, on average, expected a profit of 24 cents per share on sales of $417.4 million, according to a poll by Thomson Financial. Analyst estimates typically exclude stock options costs.
Labels: VMW, VMware Inc.
posted by Stock Administrator @ 9:50 PM
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