Red Hat Inc. (RHT) reported fourth quarter EPS of $0.61 after the close Monday, up from $0.52 last year. The result was in line with analysts' expectations. The company expects to report first quarter EPS of $0.52 to $0.53 and full year EPS of $2.60 to $2.64. Street expectations are for EPS of $0.59 and $2.59.
Red Hat gapped up sharply Tuesday, but was range-bound throughout the session. Shares finished with a gain of 4.28 at $86.48 with volume at a 3-month high. Red Hat broke out of nearly a month and a half long trading range and set a new high for the year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.