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Red Hat Inc. (RHT) Is Down Sharply Following Q3 Report

Red Hat Inc. (RHT: Quote) reported third quarter non-GAAP net income of $0.28 per share after the bell Monday, compared to $0.20 per share in the previous year. The consensus estimate was for EPS of $0.26.

Red Hat gapped open sharply lower Tuesday and is now down 3.22 at $42.83 on above average volume. The stock has dropped to a 2 1/2 month low and has fallen below its 200-day moving average.

by RTT Staff Writer

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