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Red Hat (RHT) Rockets on Third Quarter Earnings

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50
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On This Date

December 19, 1996:
The American Institute of Certified Public Accountants proposes a new rule that would require companies to depreciate their software expenses, instead of taking a hit against earnings.

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