Updated Sep. 24, 2013 at 7:03 a.m.

Premium Lock Red Hat shares take 9% hit after earnings forecast disappoints Street

Published: 2013-09-23 18:55:00
Updated: 2013-09-24 07:03:32

Jim Whitehurst     Jim Whitehurst (Red Hat photo) Image 1 of 2 · Next Image…
Tags: Red Hat, Linux

Red Hat's billings, a predictor of future revenue, rose 8 percent from a year earlier to $376 million but still fell short of analyst billings projections. Despite assurances from CEO Jim Whitehurst, investors didn't like the news....

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