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Red Hat Inc. (RHT) Is Challenging The Highs After Q3 Profit Beat

Red Hat Inc. (RHT) reported third quarter EPS of $0.48 after the bell Thursday, up from $0.42 in the prior year. The consensus estimate was for EPS of $0.47. The company expects to report fourth quarter EPS of $0.47 and full year EPS of $1.86. Analysts are expecting EPS of $0.48 and $1.85.

Red Hat has gapped open sharply higher Friday morning and is now up 3.85 at $82.71. The stock is now challenging the upper end of a month and a half long trading range at the highs of the year.

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