VMWare (VMW) bounced after hours as its first quarter beat top and bottom line expectations, and it raised second-quarter guidance above forecasts.

The company said it earned 29 cents a share, a dime ahead of its year-ago profit, on revenue of $834.7 million, up from $633.5 million. On a non-GAAP basis, it would have earned 48 cents a share.

Analysts were expecting the firm to earn 42 cents a share on revenue of $815.3 million.

VMWare also guided for second-quarter revenue of $860 million to $880 million, easily beating the $845.1 million analysts had forecast.

Shares of VMWare lost ground during regular trading ahead of the report, but shot up after hours, gaining $7.04, or 8.2%, to a recent $93.14.

Article courtesy of Tech Trader Daily

Someone’s gonna be splurging at Jos A. Bank tonight.

The U.S. Federal Reserve chairman’s wealth rose last year, according to financial disclosure forms released Friday by the central bank. As of the end of 2009, Bernanke’s asset holdings were between $1.2 million and $2.5 million, the same as in 2007. That compares with between $850,000 and $1.9 million in 2008, when stocks were walloped by the worst financial crisis since the 1929 Wall Street Crash. Much of the increase in Bernanke’s wealth came from a large-cap stock variable annuity he holds, whose value rose to between $500,000 and $1 million at the end of 2009 from between $250,000 and $500,000 the previous year.

Bernanke’s Bottom Line [WSJ]

Article courtesy of Dealbreaker

Oracle (ORCL) are trading higher this afternoon after the enterprise software company posted solid results for its fiscal fourth quarter ended May 31. CFO Jeff Epstein said in a statement that the company “executed better than expected on both the top and bottom line for the quarter.”
Oracle posted revenue of [...]

Article courtesy of BARRONS.com: Tech Trader Daily