Scalper1 News
Red Hat sidestepped typical seasonal slowness, posting Q1 earnings late Wednesday that beat analyst views, led by its Linux unit. Red Hat’s (RHT) earnings outlook for the current quarter met views at 38 cents ex items, up 8.5%, while its sales guidance beat views. The firm sees sales of $432 million to $436 million, up 15.9% at the midpoint. Analysts had modeled $413.9 million. The company also raised its fiscal-year sales guidance by $30 million, Scalper1 News
Scalper1 News