Comment on Why Red Hat (RHT) Stock Is Down Today

Why Red Hat (RHT) Stock Is Down Today

NEW YORK (TheStreet) --aRed Het was falling 4.7% to $57.85 Friday after guiding below analysts' estimates for earnings and revenue in the third quarter and despite beating estimates in the second quarter. For the second quarter the software company reported earnings of 41 cents a share, beating the 38 cents a share analysts surveyed by Thomson Reuters expected.

 

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