** charts before earnings **
** chart after earnings **
Red Hat Inc. (RHT) fiscal first-quarter earnings rose 15% as the business-software provider reported better-than-expected revenue growth, though operating costs were sharply higher.
However, shares fell nearly 12% to $50 in after-hours trading. Through Wednesday's close, the stock is up roughly 37% this year.
The provider of open-source software products has posted stronger earnings for seven straight quarters as businesses' growing appetites for cloud computing had helped drive demand for the company's products.
No comments:
Post a Comment