Shares of Red Hat Inc. RHT, +0.09% wavered between gains and losses in the extended session Monday after the software company posted mixed fourth-quarter results, missing revenue expectations. Red Hat said it earned $139 million, or 75 cents a share, versus a net loss of $12 million, or 7 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $214 million, or $1.16 a share, compared with $168 million, or 92 cents a share, a year ago. Revenue rose 14% to $879 million. Analysts polled by FactSet had expected adjusted earnings of $1.01 a share on sales of $884 million. The shares had ended the regular trading day down 0.1%.
Red Hat Inc. shares rose $0.36 (+0.20%) in after-hours trading Monday. Year-to-date, RHT has gained 3.31%, versus a 12.14% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of MarketWatch.