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Red Hat Q1 adjusted earnings beat estimates

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Christian Fernsby ▼ | June 21, 2019
Red Hat
Red Hat   The company's earnings were $141.12 million

Red Hat revealed earnings for its first quarter that rose from last year.

The company's earnings were $141.12 million, or $0.76 per share. This compares with $113.19 million, or $0.59 per share, in last year's first quarter.

Excluding items, Red Hat Inc. reported adjusted earnings of $185.97 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

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