UPDATE 1-Linux provider Red Hat's current-quarter forecast misses estimates [Reuters]
RED HAT (RHT)
Last red hat earnings: 3/25 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.redhat.com
Company Research
Source: Reuters
Linux provider Red Hat's current-quarter forecast misses estimates | Reuters 2 Min Read (Reuters) - Linux operating system distributor Red Hat Inc ( RHT.N ) reported smaller-than-expected revenue on Wednesday, hurt by disappointing subscription revenue, and forecast current-quarter results below estimates. The company’s shares fell 2 percent in extended trading. Red Hat said it expects to post revenue in the range of $848 to $856 million and an adjusted profit of 87 cents per share in the third quarter, below analysts’ estimates of a profit of 92 cents per share and revenue of $862.7 million. Subscription revenue, which accounts for most of Red Hat’s total revenue, rose 13.4 percent to $722.7 million in the second quarter, but below Wall Street estimates of $725.6 million, according to Thomson Reuters I/B/E/S. The company’s profit fell 10.5 percent to $86.85 million, or 46 cents per share, in the quarter ended Aug. 31. Total revenue rose 13.7 percent to $822.75 million, below analys
Show less
Read more
Impact Snapshot
Event Time:
RHT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RHT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RHT alerts
High impacting RED HAT news events
Weekly update
A roundup of the hottest topics