VMware (VMW) Q2 Guidance Tops Views
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VMware (VMW) PT Raised to $113 at Drexel Hamilton Following 1Q Beat
June 2, 2017 9:24 AM EDTDrexel Hamilton raised its price target on VMware (NYSE: VMW) to $113.00 (from $105.00) while maintaining a Buy rating. VMware reported 1Q revenue of $1.736 billion that beat the Street at $1.710 billion. Pro forma EPS of $0.99 exceeded the Street's $0.96.
Looking into 2Q, VMware expects revenue of $1.84-1.89... More
VMware (VMW) Tops Q1 EPS by 4c, Revs Beat
June 1, 2017 4:16 PM EDTVMware (NYSE: VMW) reported Q1 EPS of $0.99, $0.04 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.71 billion.
Revenue for the first quarter was $1.74 billion, an increase of 9% from the first quarter of 2016.License revenue for the first quarter was $610 million, an increase of 7% from the first quarter of 2016.GAAP net income for the first quarter was $232 million, or $0.56 per diluted share, up 48% per diluted share compared to $161 million, or $0.38 per diluted... More