Red Hat earnings: what’s at stake
Red Hat, the world’s largest open-source Linux software company, will report third quarter earnings after the bell Wednesday. What’s at stake for the company? Analysts expect adjusted earnings per share of 58 cents, which would be 21 percent over last year’s earnings in the same period. It would also mark the company’s largest percentage gain since Q1 June 15. Analysts expect Red Hat revenue to climb to $621.7 million, 19 percent over the same period last year. The company’s stock (Nasdaq:RHT) declined 4 percent this year despite toping Wall Street expectations on earnings for ten quarters. For its stock...
Read More