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Why Are Investors Loving Red Hat's Q4 Report? [The Motley Fool]

RED HAT (RHT)  More Company Research Source: The Motley Fool
Last red hat earnings: 6/21 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.redhat.com
PDF They absolutely hated a very similar third-quarter report, after all. Here's an exclusive look at CEO Jim Whitehurst's own analysis. Anders Bylund ( TMFZahrim ) Mar 29, 2018 at 12:31PM Open-source software veteran Red Hat ( NYSE:RHT ) crushed it in the fourth quarter of fiscal year 2018. The company beat Wall Street's estimates across the board, just like it did in the third quarter . Curiously, the market reaction went in the opposite direction this time. After the third-quarter report, Red Hat shares fell more than 7% the next day. This time, the stock opened 9.3% higher on Tuesday morning following the Monday night report. That was a fresh multiyear high, dating all the way back to the dot-com crash. So I had Red Hat CEO Jim Whitehurst explain to me how this report was different from the previous quarter's. Red Hat's fourth quarter by the nu [Read more]

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