Who Sat on My Red Hat?

“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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