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Red Hat Inc. (RHT) Has Climbed To A New High On Q4 Results

Red Hat Inc. (RHT: Quote) reported fourth quarter non-GAAP adjusted net income of $0.29 per share after the bell Wednesday, up from $0.26 per share last year. The consensus estimate was for EPS of $0.27.

Red Hat has gapped open sharply higher Thursday morning and is now up 4.02 at $55.41. The stock has broken out past resistance and has set a new high for the year.

by RTT Staff Writer

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