VMware Inc., which had a spectacular IPO last month, said Monday its second quarter earnings more than doubled to $34.2 million, or 10 cents a share, from the year-ago quarter's $15.2 million, or 5 cents
Texan- that news was a disappointment, believe it or not. Revenues in q1 were 258m and they earned .12/share. In q2 they earned 298m but only posted earnings of .10.Street was looking for .12-.13 Street is expecting .17/share in q3. Although I am long the stock, I am not going to bet they meet the street's expectations.
If you do not believe that they will meet the Street's expectations, then you should SELL VMW. The expectations of Wall Street are priced in. Any miss will be treated without mercy. Expectations are VERY HIGH.