| Wall Street Optimistic On Red Hat Despite Q1 Miss |
|---|
Shares of Red Hat fell 9% after the Linux software provider disappointed with below-consensus first-quarter earnings and a conservative outlook for 2007.
Red Hat reported total revenue of $84 million, a 38% year-over-year increase, with earnings of 7 cents per share, compared with consensus estimates of 9 cents per share on revenue of $83 million.
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