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Red Hat Earnings Preview: Still Up?

Dec 23, 2009, 10:02 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

"Red Hat (NYSE: RHT) is set to report its third-quarter fiscal 2010 earnings at the close of market today -- capping off an active quarter of new releases and business activities for the enterprise Linux vendor.

"For the quarter ended Nov. 30, Wall Street analysts project revenues of $188 million and earnings of $0.16 per share, according to Thomson Reuters. That's in line with Red Hat executives' own earlier guidance during the company's second-quarter fiscal 2010 analyst call, during which they provided revenue projections in the $187-$189 million range.

"Both Red Hat's own guidance and the analyst estimates represent a gain over the $165 million in revenue that Red Hat reported for the same quarter last year. But Wall Street earnings per share (EPS) forecasts come in below fiscal Q309's earnings of $0.24 per share before charges."

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