This story originally appeared on Zacks
VMware VMW is expected to publish its results for the third quarter of fiscal year 2022 on November 23.
For the quarter, the company expects total revenue of $ 3.12 billion and non-GAAP earnings of $ 1.53 per share.
The Zacks consensus estimate for quarterly earnings is $ 1.54, unchanged for the past 30 days. The estimate indicates a decrease of 7.2% compared to the value of the same quarter of the previous year.
The consensus mark for sales is $ 3.12 billion, an increase of 9.1% over the prior-year quarter.
Its earnings outperformed the Zacks Consensus Estimate for all of the past four quarters. VMware has an average earnings surprise of 8.3% for the past four quarters.
Let’s see how things went before this announcement.
Key factors to consider
The strength of VMware’s product portfolio along with the robust adoption of cloud and security solutions is expected to drive the …