VMware Inc. Q1 Profit Decreases, misses estimates

(RTTNews) - VMware Inc. (VMW) reported a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $224 million, or $0.52 per share. This compares with $242 million, or $0.57 per share, in last year's first quarter.

Excluding items, VMware Inc. reported adjusted earnings of $644 million or $1.49 per share for the period.

Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $3.28 billion from $3.09 billion last year.

VMware Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $224 Mln. vs. $242 Mln. last year. -EPS (Q1): $0.52 vs. $0.57 last year. -Analyst Estimates: $1.58 -Revenue (Q1): $3.28 Bln vs. $3.09 Bln last year.