VMware Inc. shares tumbled 4% in extended trading Thursday after the software company withdrew its previously issued financial guidance for fiscal 2021. In an 8-K filing, VMware warned it is "unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations." VMware plans to provide more information during its fiscal first-quarter earnings call on May 28. VMware shares are down 30% in the last year. The broader S&P 500 index is down 6.6% in the last year. Read More...
VMware Inc. shares tumbled 4% in extended trading Thursday after the software company withdrew its previously issued financial guidance for fiscal 2021. In an 8-K filing, VMware warned it is “unable to predict the extent to which the global COVID-19 pandemic may adversely impact its business operations, financial performance and results of operations.” VMware plans to provide more information during its fiscal first-quarter earnings call on May 28. VMware shares are down 30% in the last year. The broader S&P 500 index is down 6.6% in the last year.
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