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VMware Inc. Q3 Profit Advances 14%

VMware Inc. (VMW) released earnings for its third quarter that increased from last year.

The company said its bottom line advanced to $553 million, or $1.34 per share. This was higher than $485 million, or $1.14 per share, in last year's third quarter.

Analysts had expected the company to earn $1.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.2% to $1.98 billion. This was up from $1.78 billion last year.

VMware Inc. earnings at a glance:

-Earnings (Q3): $553 Mln. vs. $485 Mln. last year.
-Earnings Growth (Y-o-Y): 14.0%
-EPS (Q3): $1.34 vs. $1.14 last year.
-EPS Growth (Y-o-Y): 17.5%
-Analysts Estimate: $1.27
-Revenue (Q3): $1.98 Bln vs. $1.78 Bln last year.
-Revenue Change (Y-o-Y): 11.2%

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