Excluding items, the Raleigh, N.C.-based company earned 28 cents a share on revenue of $322.6 million. Analysts surveyed by Thomson Reuters were looking for earnings of 29 cents a share and revenue of $322.2 million.
Red Hat, however, enjoyed 15% year-over-year growth in its subscription revenue, which came in at $278.8 million.
"Our double-digit growth was driven by demand for Red Hat's open source technologies that are key to creating innovation, scale and flexibility in our customers' data centers and their businesses," stated Jim Whitehurst, the company's president and CEO, in a statement released after market close on Monday.Apple (AAPL - Get Report) was another laggard, dipping 0.55% to $687. On Monday, the tech giant announced sales of 5 million iPhone 5s during the debut weekend, a number which came in below many Wall Street estimates. The Cupertino, Calif.-based company was also one of the most active premarket Nasdaq stocks on share volume of 47,761. Facebook (FB - Get Report) shares rallied slightly in premarket after plunging more than 9% in Monday trading. The social networker took a hit after a recent Barron's report that the stock's worth just $15. Shares of the Menlo Park, Calif.-based company climbed 1.01% to $21 early on Tuesday. Facebook was also an active premarket Nasdaq stock on share volume of 96,137. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices