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After-market Movers For Dec. 19 (RHT, S, CHTR)

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Red Hat Inc. (RHT: Quote) shares tumbled more than 10% in after hours trading after the world's largest seller of Linux software reported third quarter revenue that beat analysts' estimate by a small margin.

Shares of Sprint Nextel Corp. (S: Quote), the third largest U.S. wireless carrier, gained more than 6% in extended hours trading. AT&T Inc. (T: Quote), the second largest U.S. Wireless carrier, said it has abandoned its $39 billion takeover bid for T-Mobile USA amid stiff opposition from U.S. regulators. AT&T shares fell 0.4% in after hours trading.

Charter Communications, Inc. (CHTR: Quote) shares rose more than 3% in after hours after the fourth largest U.S. cable operator said that its Board of Directors has concluded its previously announced CEO search process and appointed cable industry veteran Thomas Rutledge as President and Chief Executive Officer. Rutledge joins Charter immediately and will become the President and Chief Executive Officer effective February 13.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Russia has agreed to resume gas supplies to Ukraine under a $4.6 billion dollar winter package, which will also secure gas for the European Union as the cold season approaches. The European Union has been mediating discussions to help find a sustainable solution to the dispute between Russia and Ukraine over gas pricing, supply and payment dues. After seven rounds of negotiations in recent months The Bank of Japan expanded its massive quantitative and qualitative easing unexpectedly as policymakers assessed it necessary to achieve the 2 percent inflation target even after a sales tax hike in April. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual pace of about JPY 80 trillion. LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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