Red Hat stock falls as Q2 revenue disappoints; earnings top estimates

Shares of Red Hat (RHT) fell sharply in the extended trading session Wednesday after the company posted below-consensus revenues for its second quarter. Apparently, investors were not impressed by the strong earnings growth. Earnings, adjusted for one-off items, moved up to $0.85 per share from $0.77 per share a year earlier and came in above … Continue reading Red Hat stock falls as Q2 revenue disappoints; earnings top estimates