Red Hat Jumps 6% on FYQ2 Earnings Beat; Raises Year Outlook

Tech Trader Daily
By Tiernan RaySep 21, 2016, 4:27 pm121 pts
Linux and open-source software distributor Red Hat (RHT) this afternoon reported fiscal Q2 revenue and profit that topped analysts’ expectations, beat with its Q3 outlook as well, and raised its year outlook above consensus, driving shares sharply higher in late trading. Revenue in the three months ending in…

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