Red Hat Inc. (RHT) reported fourth quarter adjusted EPS of $0.52 after the close Tuesday, up from $0.43 a year ago. Analysts expected EPS of $0.47. First quarter adjusted EPS is expected to be $0.50, which is in line with expectations. Full year adjusted EPS is expected to be between $2.22 and $2.26. The consensus estimate is for EPS of $2.19.
Red Hat gapped open lower Wednesday and declined during the first 2 hours of trade. The stock was range-bound for the remainder of the session and closed down by 3.17 at $72.54 on above average volume.
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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.