estimates

Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand By Investing.com

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Broadcom fiscal Q1 results top estimates on VMware-led surge in software demand By Investing.com

© Reuters Investing.com – Broadcom reported Thursday fiscal first-quarter results that topped Wall Street estimates on AI-led chip demand and growth in its software business was bolstered the acquisition of VMware (NYSE:).   Broadcom Inc (NASDAQ:) fell more than 2% in after-hours trade following the report. Broadcom adjusted earnings of $10.99 per diluted share on revenue of $11.96B. … Read more

Broadcom sees revenue below estimates on weak enterprise spending

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Broadcom sees revenue below estimates on weak enterprise spending

By Arsheeya Bajwa and Chavi Mehta (Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware. Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1% in extended … Read more

Surging Earnings Estimates Signal Upside for VMware (VMW) Stock

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Surging Earnings Estimates Signal Upside for VMware (VMW) Stock

VMware (VMW Quick QuoteVMW – Free Report) appears an attractive pick given a noticeable improvement in the company’s earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts’ growing optimism on the earnings prospects of this cloud computing company … Read more

VMware (VMW) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

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VMware (VMW) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

VMware’s (VMW Quick QuoteVMW – Free Report) second-quarter fiscal 2024 non-GAAP earnings of $1.83 per share beat the Zacks Consensus Estimate of $1.66 and grew 11.6% year over year. Revenues of $3.41 billion surpassed the consensus mark by 0.58% and improved 2.2% on a year-over-year basis. Top-Line Details Region-wise, U.S. revenues (47.6% of revenues) decreased … Read more