Shares of VMware Inc. (VMW, Financial) gained more than 6% on Friday after reporting first-quarter earnings per share of $1.26 on revenue of $2.01 billion on Thursday. The company beat revenue expectations by $50 million and earnings per share estimates by 12 cents.
Further, the GAAP operating income for the first quarter was $382 million, an increase of 47% from the first quarter of fiscal 2018. Non-GAAP operating income was $598 million, a 13% increase from the prior-year quarter.
GameStop Corp. (GME, Financial) advanced more than 2% on Friday after reporting first-quarter earnings per share of 38 cents on revenue of $1.93 billion on Thursday. The company beat earnings estimates by one cent, but fell $30 million short of revenue expectations.
Total global sales decreased 5.5%, new hardware sales decreased 7.9% and new software sales decreased 10.3%, impacted by the highly successful launch of the Nintendo Switch in the first quarter of fiscal 2017.
Looking ahead, the company expects earnings per share between $3Ă‚ and $3.35 for the year.
Zuora Inc. (ZUO, Financial) jumped over 20% on the heels of the company reporting its financial results for the first quarter of fiscal 2019. The company posted a loss of 32 cents per share, which beat estimates by eight cents. The company’s revenue of $51.74 million grew 60% from the year-ago quarter and beat revenue expectations by $2.77 million.
For the second quarter, the company expects total revenue between $53.5 million and $54.5 million, a non-GAAP loss from operations between $16 million and $15 million and a non-GAAP net loss per share of 16 cents to 15 cents. For full fiscal 2019, it expects total revenue of $220 million to $223 million, a non-GAAP loss from operations of $55 million to $52 million and earnings of 62 cents to 59 cents per share.
Disclosure: The author holds no positions in any stocks mentioned.
