Red Hat Inc. (RHT) announced a profit for its third quarter that gained ground from last year.
The company said its bottom line came in at $88.63 million, or $0.48 per share. This was up from $79.22 million, or $0.42 per share, in last year's third quarter.
Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 14.8% to $523.58 million. This was up from $455.90 million last year.
Red Hat Inc. earnings at a glance:
-Earnings (Q3): $88.63 Mln. vs. $79.22 Mln. last year.-Earnings Growth (Y-o-Y): 11.9%-EPS (Q3): $0.48 vs. $0.42 last year.-EPS Growth (Y-o-Y): 14.3%-Analysts Estimate: $0.47-Revenue (Q3): $523.58 Mln vs. $455.90 Mln last year.-Revenue Change (Y-o-Y): 14.8%
-Guidance:Next quarter EPS guidance: $0.47Next quarter revenue guidance: $535 - $539 MlnFull year EPS guidance: $1.86Full year revenue guidance: $2.044 - $2.048 Bln
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.