VMware shares seek direction after earnings beat

VMware Inc shares sought direction in the extended session Thursday after the computer virtualization software company topped Wall Street estimates. VMware shares, which traded between slight gains and losses, were last down 2%. The company reported a fourth-quarter loss of $440 million, or $1.09 a share, compared with $441 million, or $1.04 a share, in the year-ago period. Excluding a $970 million charge from the U.S. tax overhaul, adjusted earnings were $1.68 a share. Revenue rose to $2.31 billion from $2.03 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of $1.63 a share on revenue of $2.26 billion.

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