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Red Hat Inc. (RHT) Is Up After Q2 Earnings Topped Expectations

Red Hat Inc. (RHT) reported second quarter EPS of $0.77 after the close Monday, up from $0.55 a year ago. The consensus estimate was for EPS of $0.67. The stock is now up 4.43 on 285K shares.

Red Hat declined until mid-morning Monday, before settling into a range. The stock finished with a loss of 0.54 at $105.76 on above average volume. Red Hat slipped to nearly a 3-week low.

by RTT Staff Writer

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