“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.”