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Why VMware Stock Fell 9.5% Today

TheMotleyFool

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Shares of virtual computing veteran VMware (NYSE: VMW) crashed on Friday, following the release of mixed fourth-quarter 2020 results. By 3 p.m. EST, the stock was down 9.5%.

VMware's fourth-quarter sales rose 11% to $3.07 billion, just ahead of Wall Street's consensus estimate of $2.95 billion. Adjusted earnings increased by 9% to $2.05 per diluted share. Here, your average analyst had been expecting earnings near $2.17 per share.

Image source: Getty Images.

Source Fool.com

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