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Intel Corporation Message Board

  • spcrash spcrash Mar 27, 2013 5:19 PM Flag

    RedHat missed -11%

     

    Shares of Red Hat RHT -8.83% tumbled 12% to $43.80 as the company said fourth-quarter revenue was $347.9 million, up 17% from the year-ago period but below the $349.5 million that analysts polled by FactSet had expected.

    Adjusted earnings at Red Hat, which makes subscription-based, open-source software used by companies to customize databases and products, were 36 cents a share, better than Wall Street’s consensus of 30 cents a share. Profit was $43 million, or 22 cents a share, compared with $36 million, or 18 cents a share, in the

    Sentiment: Strong Sell

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