Red Hat decided to kick off the holidays by giving its shareholders a little gift today. The company reported its earnings and the stock jumped 13% as a result. Red Hat delivered third quarter earnings of 42 cents versus an expected 35 cents. Revenue came in at $397 million , much higher than the anticipated $383 million. Subscription revenue rose 17%. The company also guided higher for the fourth quarter with a range of 36 to 38 cents and consensus is only at 36 cents.
Stocks in this video: