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Who Sat on My Red Hat?

Dec 28, 2011, 06:57 (0 Talkback[s])
(Other stories by Anders Bylund)


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"Linux vendor Red Hat (NYSE: RHT) reported third-quarter results last night, and shares dropped 8% the morning after. You'd think the company missed analyst targets, management guidance, and the inside of a barn with a shotgun, judging by the market reaction.

"That's not the case at all. Revenue jumped 23% year-over-year to $290 million, right in line with analyst expectations, while $0.28 of non-GAAP earnings per share beat the $0.26 Street target. The next-quarter and 2012 outlooks also generally fell in line with analyst expectations."

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