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VMware +2.1% after Q3 beats (update)

Published 11/30/2017, 04:49 PM
Updated 12/01/2017, 01:30 AM
© Reuters.  VMware +2.1% after Q3 beats (update)
  • VMware (NYSE:VMW) shares are up 2.1% aftermarket following Q3 results that beat EPS and revenue estimates.
  • Key metrics: License revenue, $785M (+14% Y/Y); Services revenue, $1.19B (+10%); unearned revenue, $5.6B; operating cash flows, $970M; FCF, $911M; cash and equivalents, $11.6B.
  • Will update with guidance after the earnings call.
  • Press release
  • Previously: VMware beats by $0.07, beats on revenue (Nov. 30)
  • Update with guidance: Q4 guidance has revenue at $2.26B (consensus: $2.23B) and EPS at $1.62, which matches consensus.
  • FY19 revenue expected to grow 10% on the year to $8.66B compared to the $8.39B consensus.
  • Now read: 15 Current Wall Street Favorites - Cramer's Mad Money (11/20/17)


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