VMware (NYSE:VMW) updates earnings guidance for fiscal 2023


VMware (NYSE:VMW – Get Rating) released an update on its earnings guidance for fiscal 2023 on Friday morning. The company provided earnings guidance of $6,970 to $6,970 per share for the period, compared to Thomson Reuters consensus estimate for earnings per share of $7,290. The company issued a revenue guidance of $13.75 billion to $13.75 billion, compared to the consensus estimate of $13.86 billion. VMware also updated its guidance for the first quarter of 2023 to between $1,560 and $1,560 per share.

VMware shares opened at $120.10 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt to equity ratio of 0.90. The company’s 50-day simple moving average is $123.37 and its 200-day simple moving average is $132.19. VMware has a 52-week low of $108.80 and a 52-week high of $172.00. The company has a market cap of $50.49 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-to-growth ratio of 2.02 and a beta of 0.75.

VMware (NYSE:VMW – Get Rating) last reported its earnings results on…

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