Red Hat Inc. (RHT) reported second quarter adjusted EPS of $0.41 after the close Thursday, compared to $0.35 last year. Revenues were up 19 percent at $446 million, compared with $374.4 million in the previous year. Analysts expected EPS of $0.38 and revenues of $437 million. The stock is now down 1.56 on 166K shares.
Red Hat gradually declined during Thursday's session and finished with a loss of 0.42 at $60.66 on above average volume. The stock closed near the lower end of a 1-month range.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.