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Red Hat Inc. (RHT) Has Broken Out To A New High After Q2 Profit Beat

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.

Red Hat gapped open sharply higher Tuesday morning and is now up 4.94 at $110.70 in early trade. The stock has risen past the upper end of nearly a 1-month trading range and has set a new high for the year.

by RTT Staff Writer

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