Red Hat Inc. (RHT) reported third quarter EPS of $0.48 after the bell Thursday, up from $0.42 in the prior year. The consensus estimate was for EPS of $0.47. The company expects to report fourth quarter EPS of $0.47 and full year EPS of $1.86. Analysts are expecting EPS of $0.48 and $1.85.
Red Hat gapped open sharply higher Friday, but gave back some ground during the first hour of trade. The stock was range-bound for the remainder of the session and closed up by 2.54 at $81.40 on the highest volume in 8 1/2 months. Red Hat jumped to a 2-week high.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.