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
Concept drawings for a giant U-shaped skyscraper in the New York City were released this week, which is deemed to be the longest building in the world. The concept, which is called Big Bend, would be a skinny, curved structure. The glass-lined tower would be in the shape of an upside U and will be running 4,000-feet-long from end to end on Billionaire's Row. Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch.
comments powered by Disqus
RELATED NEWS
Trade RHT now with 
Follow RTT