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Red Hat Inc. (RHT) Is Heading Lower Following Q1 Report

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6/20/2012 4:38 PM ET

Red Hat Inc. (RHT: Quote) reported first quarter non-GAAP EPS of $0.30 after the close Wednesday, up from $0.24 in the previous year. The consensus estimate was for EPS of $0.27. The stock is now down 6.11 on 727K shares.

Red Hat dipped slightly at the open Wednesday, but settled into a range for the majority of the session. The stock finished down by 0.42 at $56.50.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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