VMWare Rises After-Hours on Blowout Revenue Forecast

Peter Cohan
Updated

VMWare (VMW) is soaring after-hours on a strong earnings report. As I wrote earlier, analysts expected it to earn 26 cents a share excluding stock-based compensation and other items, but it exceeded those expectations by 19% -- earning 31 cents a share. But what seems to be boosting market enthusiasm is a very bullish revenue forecast.

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