Red Hat Earnings Preview: Still Up?
Dec 23, 2009, 10:02 (0 Talkback[s])
(Other stories by Sean Michael Kerner)
Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers
"Red Hat (NYSE: RHT) is set to report its third-quarter fiscal
2010 earnings at the close of market today -- capping off an active
quarter of new releases and business activities for the enterprise
"For the quarter ended Nov. 30, Wall Street analysts project
revenues of $188 million and earnings of $0.16 per share, according
to Thomson Reuters. That's in line with Red Hat executives' own
earlier guidance during the company's second-quarter fiscal 2010
analyst call, during which they provided revenue projections in the
$187-$189 million range.
"Both Red Hat's own guidance and the analyst estimates represent
a gain over the $165 million in revenue that Red Hat reported for
the same quarter last year. But Wall Street earnings per share
(EPS) forecasts come in below fiscal Q309's earnings of $0.24 per
share before charges."