Red Hat Inc. (RHT) reported fourth quarter adjusted EPS of $0.52 after the close Tuesday, up from $0.43 a year ago. Analysts expected EPS of $0.47. First quarter adjusted EPS is expected to be $0.50, which is in line with expectations. Full year adjusted EPS is expected to be between $2.22 and $2.26. The consensus estimate is for EPS of $2.19.
Red Hat gapped open lower Wednesday and declined during the first 2 hours of trade. The stock was range-bound for the remainder of the session and closed down by 3.17 at $72.54 on above average volume.
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