Red Hat Inc. Earnings Advance 12% In Q3

(RTTNews) - Red Hat Inc. (RHT) announced a profit for its third quarter that gained ground from last year.

The company said its bottom line came in at $88.63 million, or $0.48 per share. This was up from $79.22 million, or $0.42 per share, in last year's third quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.8% to $523.58 million. This was up from $455.90 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q3): $88.63 Mln. vs. $79.22 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q3): $0.48 vs. $0.42 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.47 -Revenue (Q3): $523.58 Mln vs. $455.90 Mln last year. -Revenue Change (Y-o-Y): 14.8%

-Guidance: Next quarter EPS guidance: $0.47 Next quarter revenue guidance: $535 - $539 Mln Full year EPS guidance: $1.86 Full year revenue guidance: $2.044 - $2.048 Bln