Red Hat Inc. (RHT) reported fourth quarter adjusted net income of $0.36 per share after the bell Wednesday, up from $0.29 per share last year. The consensus estimate was for EPS of $0.30. Revenues grew to $347.88 million from $297.01 million last year. Analysts estimated revenues of $349.64 million. The stock is now down 6.17 on 990K shares.
Red Hat posted modest gains around mid-afternoon Wednesday and finished up by 0.72 at $49.97 on above average volume.
For comments and feedback: editorial@rttnews.com