Red Hat Trading Over 4% Higher Pre-Market on Earnings Beat

Red Hat RHT is trading over 4% higher pre-market after reporting higher than expected earnings yesterday after the close. The company reported Q1 EPS of $0.24 vs. $0.22 estimate and revenues of $264.7M vs. $253.58M estimate. Red Hat is currently trading at $45.52 in pre-market trading.
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