Linux: Red Hat's Hat Trick
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Red Hat shares jumped more than 12 percent in after-hours trading Thursday after the Linux distributor posted financial results that topped analysts’ estimates. Excluding one-time items, the company posted a profit of $29.6 million, or $0.14 per share, compared to $22.7 million in the year-ago quarter after adjusting for stock compensation and tax expenses. Analysts polled on Thomson Financial estimated the software company would report earnings per share of $0.12 and revenues of $104.16 million versus $73.11 million in the year-ago quarter.
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