VMware Q2 EPS $1.83 Beats $1.71 Estimate, Sales $3.41B Miss $3.46B Estimate
Portfolio Pulse from Happy Mohamed
VMware (NYSE:VMW) reported Q2 earnings of $1.83 per share, beating the analyst consensus estimate of $1.71 by 7.02%. This is an 11.59% increase from the same period last year. However, the company's quarterly sales of $3.41 billion missed the analyst consensus estimate of $3.46 billion by 1.50%, though it's a 2.16% increase from last year.
August 31, 2023 | 8:08 pm
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NEUTRAL IMPACT
VMware's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
VMware's earnings beat could boost investor confidence, but the sales miss might temper enthusiasm. The net effect on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100