Surging Earnings Estimates Signal Upside for VMware (VMW) Stock

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

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