VMware: Fiscal Q2 Earnings Snapshot

PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — VMware Inc. (VMW) on Thursday reported fiscal second-quarter profit of $477 million.

The Palo Alto, California-based company said it had net income of $1.10 per share. Earnings, adjusted for one-time gains and costs, were $1.83 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The cloud computing company posted revenue of $3.41 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.39 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMW at https://www.zacks.com/ap/VMW