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
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.