Red Hat Inc. (RHT) 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 fell during the first hour of trade. The stock was range-bound for the remainder of the day and closed down by 4.10 at $41.95, with volume at a 9-month high. Red Hat dropped to over a 2-month low and fell below its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.