Craig Matsumoto

Author Archives: Craig Matsumoto

Red Hat Falls 11% on Flat Q4 Forecast

Red Hat Falls 11% on Flat Q4 Forecast Shares of Red Hat fell 10.6 percent in after-hours trading today as the company’s fourth-quarter forecast disappointed investors. Red Hat’s fourth-quarter projection of $614 million to $622 million in revenues means sales will be just about flat quarter-to-quarter. Revenues for the company’s third quarter, which ended Nov. 30, were $615 million. Investors expected third-quarter revenues... Read more →