Red Hat Fiscal Q1 Earnings Beat, But Stock Slips

By | June 18, 2015

Scalper1 News

Red Hat, the No. 1 provider of open-source Linux software, late Thursday posted fiscal Q1 earnings and revenue that beat Wall Street estimates. Red Hat (RHT) gave mixed guidance for the current quarter, however, with EPS a bit short and revenue a bit above analyst estimates at the midpoint of its guidance. Red Hat stock was down 1.5% in after-hours trading, after the company released its results and after slipping a fraction in the regular Scalper1 News

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