VMware took in less money on virtualization software than expected in the fourth quarter, leading to a steep drop in the company's shares.
The software maker said Monday that it earned $78 million, or 19 cents per share, as compared with $31 million, or 9 cents per share in the prior quarter. Its sales were also up sharply, to $412 million, though that was slightly less than the average analysts' forecast.
After the report, VMware shares plummeted more than 25 percent in after-hours trading. As of 3 p.m. PST, its shares were trading at $60.60, down $22.… Read more