“Red Hat today posted a wider-than-expected third-quarter loss
and set a 2-for-1 stock split.”
“Red Hat, the leading seller of Linux operating systems, said
its third-quarter net loss was $3.6 million, or 5 cents a share,
compared to net income of $100,000 in the same period a year ago.
Analysts polled by First Call projected the company to post a net
loss of 4 cents a share.”
“Revenues for the third quarter ended Nov. 30 jumped 24
percent to $5.4 million from $4.4 million a year earlier, the
company said in a statement.“