logo
Share SHARE
FONT-SIZE Plus   Neg

Red Hat Inc. (RHT) Fell Sharply After Q3 Report

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Kellogg's is entering into restaurant business with the opening of a new cafe in New York City, exclusively for cereals that may cost around $8 per bowl, reports said. The cafe, to be known as Kellogg's NYC, will be launched officially on July 4 in the heart of Times Square. Small businesses, who want to use Twitter to connect with their customers, have a new helper. The online social networking service provider has launched a standalone application: Twitter Dashboard. The company said in blog post that the new service is launching into beta in the U.S. and is available online at dashboard.twitter.com or via the Dashboard app in the App Store. Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday said its fourth-quarter profit dropped 2 percent from a year ago, hurt largely by lower-than-expected revenues and weak margins. Shares of the company slipped over 6 percent in the after-hours trading. Beaverton, Oregon-based...
comments powered by Disqus
Follow RTT