VMware Earnings Fall, Revenue Forecast Lowered

VMware Inc.’s first-quarter earnings declined 9.3 percent as realignment charges weighed on the software maker’s results, though services revenue and core earnings improved.

Shares fell 6.8 percent to $70.80 after hours as the company lowered its full-year revenue guidance and offered weak estimates for the second quarter. Through the close, the stock has fallen 20 percent since the start of the year.

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