VMware (VMW) closed at $169.62 within the newest buying and selling session, marking a -1.85% trans
VMware (VMW) closed at $169.62 within the newest buying and selling session, marking a -1.85% transfer from the prior day. This transformation lagged the S&P 500’s every day lack of 0.38%. On the similar time, the Dow misplaced 0.4%, and the tech-heavy Nasdaq misplaced 0.51%.
Coming into in the present day, shares of the cloud computing firm had gained 12.94% previously month. In that very same time, the Laptop and Expertise sector gained 6.31%, whereas the S&P 500 gained 4.7%.
VMW might be trying to show power because it nears its subsequent earnings launch, which is anticipated to be November 26, 2019. The corporate is anticipated to report EPS of $1.42, down 8.97% from the prior-year quarter. Our most up-to-date consensus estimate is asking for quarterly income of $2.40 billion, up 9.24% from the year-ago interval.
For the total yr, our Zacks Consensus Estimates are projecting earnings of $6.54 per share and income of $10.03 billion, which might characterize modifications of +3.32% and +11.74%, respectively, from the prior yr.
Additionally it is necessary to…