Red Hat, AT&T: After-Hours Trading

NEW YORK (TheStreet) -- Shares of Red Hat fell in late trades on Monday despite a 2-cent profit beat from the Raleigh, N.C.-based open-source software company in its latest quarter. After the close, Red Hat posted non-GAAP earnings of $55.7 million, or 28 cents a share, on revenue of $290 million for the three months ended Nov. 30. The average estimate of analysts polled by Thomson Reuters was for a profit of 26 cents a share on revenue of $289.6 million in the quarter. "We continued to deliver consistent performance across our business which resulted in strong growth in our key financial metrics. At the same time, we continued to invest in strategic growth initiatives," said Charlie Peters, the company's chief financial officer, in a statement. "When compared to the first three quarters of last fiscal year, our year-to-date revenue, non-GAAP operating income and operating cash flow are up 26%, 35% and 35%, respectively." ... Click to view a price quote on RHT. Click to research the Computer Software & Services industry.

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