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Red Hat Inc. (RHT) Is Climbing Following Q4 Report

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Red Hat Inc. (RHT: Quote) reported fourth quarter non-GAAP adjusted net income of $0.29 per share after the bell Wednesday, up from $0.26 per share last year. The consensus estimate was for EPS of $0.27. The stock is now up 3.05 on 360K shares.

Red Hat gapped up at the open Wednesday, but pulled back during the second half of the morning. Shares finished down by 0.51 at $51.39 on above average volume. The stock has been pulling back from the highs of the year since Tuesday.

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by RTT Staff Writer

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