Investing.com - VMware (NYSE:VMW) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
VMware announced earnings per share of $1.28 on revenue of $3.09B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $3.19B.
VMware shares are up 4.02% from the beginning of the year, still down 28.18% from its 52 week high of $167.83 set on October 22, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
VMware shares gained 1.18% in pre-market trade following the report.
VMware follows other major Information Technology sector earnings this month
VMware's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
NVIDIA had beat expectations on Wednesday with first quarter EPS of $1.36 on revenue of $8.29B, compared to forecast for EPS of $1.3 on revenue of $8.12B.
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