How to Trade After Hours Earnings Redhat RHT
How to Trade After Hours Earnings Redhat RHT Training Video. We'll cover how to short the tops and go long the bottoms in "after hours trading".
Sharesof software maker Red Hat (RHT) are off 17 cents at $57.37 after the company this afternoon reported fiscal Q2 revenue in line with analysts’ expectations and earnings per share that missed by a penny.Revenue in the three months ended in August rose 15%, year over year, to $322.6 million, yielding EPS of 28 cents, excluding some costs.Analysts had on average been modeling revenue of $322 million and EPS of 29 cents.
Note that Red Hat said it gave up a penny of earnings per share because of acquisition costs in the quarter, something analysts may not have factored into their models.Red Hat said its deferred revenue balance rose 25%, year over year, to $813 million.
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