{"id":137002,"date":"2021-08-27T15:00:11","date_gmt":"2021-08-27T15:00:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137002"},"modified":"2021-08-27T15:00:11","modified_gmt":"2021-08-27T15:00:11","slug":"vmware-slips-9-as-q2-results-missed-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/vmware-slips-9-as-q2-results-missed-view\/","title":{"rendered":"VMware Slips 9% As Q2 Results Missed View"},"content":{"rendered":"
Shares of cloud computing and virtualization technology<\/span> company VMware, Inc. (VMW) are down more than 9% Friday morning after the company’s second quarter results missed analysts’ view.<\/p>\n Net income for the second quarter was $411 million, or $0.97 per share, down 8% from $447 million, or $1.06 per share in the same quarter a year ago.<\/p>\n Excluding items, earnings were $1.75 per share. This compares with the average estimate of 22 analysts polled by Thomson Reuters at $1.64 per share.<\/p>\n Revenue for the quarter increased 9% year-over-year to $3.14 billion. The consensus estimate was for $3.1 billion.<\/p>\n VMW is at $143.99 currently. It has traded in the range of $126.79- $172 in the last one year. <\/p>\n