trending Market Intelligence /marketintelligence/en/news-insights/trending/aLv_TMCu0ICpvBcOox2qIQ2 content esgSubNav
In This List

Red Hat profit misses consensus by 42.8% in fiscal Q3


Next in Tech | Episode 85: Taming complexity for the Digital Next


Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


S&P 500 Q2 2022 Sector Earnings & Revenue Data


Worldwide smartphone shipment forecast through 2026: from small drop to mild recovery

Red Hat profit misses consensus by 42.8% in fiscal Q3

Red Hat Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to 23 cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS increased 13.0% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $42.9 million, an increase of 10.8% from $38.7 million in the prior-year period.

The normalized profit margin dropped to 9.3% from 9.8% in the year-earlier period.

Total revenue grew 15.0% year over year to $455.9 million from $396.5 million, and total operating expenses increased 15.4% year over year to $387.6 million from $335.7 million.

Reported net income declined 5.6% on an annual basis to $48.8 million, or 26 cents per share, from $51.7 million, or 27 cents per share.