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23Sep/101:26 PM

Video: Red Hat Beats Analyst Forecasts

Late yesterday, business software developer Red Hat (RHT) posted earnings that beat Wall Street expectations for its fiscal second quarter. Net income declined to $23.7 million, or $0.12 per share, compared to $28.9 million, or $0.15 per share, in the same quarter last year, but adjusted earnings of $0.19 per share were just ahead of analyst expectations.