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PC Week: Red Hat misses estimates, splits stock

Dec 20, 1999, 15:29 (3 Talkback[s])
(Other stories by Larry Dignan)

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"Red Hat Inc. missed estimates by a penny Monday in its third quarter, but said it would issue a 2-for-1 stock split."

"The Durham, N.C., company reported a loss of $3.6 million, or a nickel a share, on sales of $5.4 million. The results were a penny below First Call consensus. Third-quarter sales were up 24 percent compared to $4.4 million in the second quarter...."

"Red Hat added that it was planning a secondary offering of more shares. The company said it would register the offering with the Securities and Exchange Commission soon. No further details were available."

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