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Red Hat Inc. (RHT) Is Climbing On Better Than Expected Q1 Earnings

Red Hat Inc. (RHT) reported first quarter adjusted EPS of $0.34 after the close Wednesday, compared to $0.32 last year. Analysts expected EPS of $0.33. The stock is now up 2.15 on 455K shares.

Red Hat traded in a range for the majority of Wednesday's session and closed up by 0.67 at $53.10 on above average volume. The stock rose to a 2 1/2 month high.

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